China bookstore growth fueled by visible enchantment, social media visitors

Visitors take photos and read books in Shenzhen on November 13, 2021 at a Zhongshuge bookstore, a chain known for interior design.

VCG | Visual China Group | Getty Images

BEIJING – Social media is so important to Chinese consumer goods companies that visual appeal tends to be a priority for a number of new bookstores.

Elaborate interior designs – sometimes reinforced by mirrors – not only have caught the attention of “Architectural Digest” but also young Chinese looking for new experiences.

“The Chinese consumer, especially the post-90s [generation]”They want convenience, they want new things,” said Derek Deng, partner at Shanghai-based Bain & Co. who heads the company’s consumer goods practice in Greater China.

“They covet the products [that] not only satisfying their functional needs, but also addressing their emotional needs, “he said,” whether it is something you can show your colleagues, something you always find joy in, or something you simply need makes it easier for you to blend in. “

Shopping malls noticed. Instead of signing contracts with large department stores to make them the main draw for customers, malls have turned to coffee and tea shops, finely crafted bookstores, Showrooms for electric cars and other trendy stores, said Jacky Zhu, research director for western China at JLL.

“You can increase pedestrian traffic. You can increase pedestrian traffic for a specific customer, ”he said. This is so much the case, he added, that malls make bookstores pay a third or a quarter of the rent of a clothing or cosmetics store.

In addition to visually appealing interiors, many bookstores in China sell coffee, stationery and gift items. Nostalgia for the China of past decades is a popular topic.

One of Mia Huang’s favorite bookstores is a shop in a traditional four-walled Beijing courtyard. The shop displays a lot of historical items like bicycles and door signs, and has a public reading area, she said.

Huang, of the post-90s generation, said she quit her job at an internet tech company in 2019 to become a full-time travel blogger – and share comments, photos, and videos about her experience.

This building in Beijing, China, was built in 1907 as the city’s first Anglican church, but has long since lost its religious functions and was converted into a bookstore before this photo was taken on June 21, 2019.

Jason Fan | Barcroft Media | Getty Images

Another of Huang’s favorite bookstores is one converted from a church building in Beijing.

“A lot of people go there to ‘check in,’” she said in Mandarin, referring to a trend where people visit places they’ve seen on social media and then take their own photos to prove they are were there.

Going to bookstores isn’t really intended for buying books, she said, noting that many of the stores have turned into tourist attractions or cozy places to take a break.

Some bookstores in China have become so popular that thousands of people are ready to go hike to remote areas, according to a report by the state-run online publication Sixth Tone from 2019. A village location of the hipster bookstore Librairie Avant-Garde brought, according to a. revenue of 1.5 million yuan ($ 234,375) for the year ended mid-November Report from the state newspaper China Daily.

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What is less clear is whether the rising interest in visually appealing bookstores means that stores actually benefit from selling books.

Store stock selection often focuses on art and design, while non-book gift items can take up a significant portion of retail space, the reporter’s observations.

In China, tight government control means that titles published or sold in the country do not conflict with censorship. Books by or about Chinese President Xi Jinping are prominently displayed at many bookstore entrances, while the state operates its own nationwide chain of bookstores.

Locals read books at Xinhua Bookstore in Handan, Hebei Province, China on June 13, 2021.

Cost photo | Barcroft Media | Getty Images

Shops called bookstores are still open.

According to Qichacha, a company database, more than 40,000 new bookstore-related businesses have registered in the country every year since 2017. For that year through November, 39,000 new bookstores have registered – a 6% increase over the previous year, the data showed.

These new openings still outperform the annual closings of around 10,000 or more bookstore-related stores, the database shows.

A model walks the catwalk at the LEDIN collection show by Chinese designer Wang Dongyang during China Fashion Week 2020/2021 A / W Collection at Page One Bookstore on May 6, 2020 in Beijing, China.

Sheng Jiapeng | China Intelligence Service | Getty Images

However, in the digital age, bookstores have never been easy business, and the prestigious bookstore chain Yanyouji faced financial difficulties this fall Started an online discussion about the future of photogenic bookstores. It reflects the difficulty of running a business even after it has gained prominence on social media, and exemplifies a trend in the fast-growing Chinese consumer market.

Of the 46 Chinese consumer brands launched in 2018, only 17 are doing well this year, analysts at Bain and Kantar Worldpanel found in a report released earlier this month. In the makeup space, 30% of the brands launched in 2016 have been phased out, the report said.

China’s new consumer brands in recent years have tended to use online e-commerce and social media channels to make a first wave of traffic, Deng said. He found that digital data on consumer trends is helping new brands quickly test and customize their products.

A look inside TSUTAYA bookstore on March 29, 2021, Xi’an City, Shaanxi Province, China.

Cost photo | Barcroft Media | Getty Images

However, it is more difficult for these newcomers to find a second growth channel, which usually requires expansion into the more complicated world of physical business and local sales, Deng said.

“What has always been missing is once you’ve recruited [consumers] If they are first buying your product, how can you make sure they keep staying with you? “He said.” The repeat purchase rate has become a major factor for these insurgent brands on the first wave of successes to more sustained growth . “

For a novelty bookstore, that means the photographers will come back and spend money – even if they do Retail sales were sluggish.

Some are bringing in specialist supermarkets, hairdressers, and book authoring events to create a community that can cater to the needs of an entire family or a specific population group, said Zhu of JLL. “From my point of view, I believe the bookstore can survive,” he said. “They can survive because of their changing strategy to adapt to the changing retail market.”

Google wins attraction in opposition to UK class action-style swimsuit in search of damages for Safari monitoring – TechCrunch

Google has won an appeal on a class action lawsuit-style privacy lawsuit in the UK Supreme Court – avoiding up to £ 3 billion in damages if the case were lost.

The cross-country skier Litigation was brought forward by veteran consumer rights activist Richard Lloyd, who has been conducting a class action lawsuit since 2017 alleging that between 2011 and 2012, Google used a Safari workaround to override iPhone users’ privacy settings in Apple’s Safari browser – and data breach compensation for the estimated more than 4 million affected UK iPhone users.

Lloyd’s litigation had sought damages for invasion of privacy. In a broader sense, the lawsuit sought to determine that a representative action for damages for a data breach could be brought in the UK – despite the lack of a general class action mechanism in UK law.

Back in 2018 the High Court blocked the lawsuit from proceeding – but the next year The appeals court overturned the verdict and opened the court to hear the lawsuit.

Today’s unanimous Supreme Court judgement essentially relies on the view of the High Court: Blocking the representative action.

The Supreme Court justices held that damage / loss must be suffered in order to claim compensation and that evidence of damage / loss on an individual basis cannot be skipped – ie Compensation cannot simply be uniformly asserted for the “loss of control” of the personal data for each member of the alleged group of representatives, as the Lloyd trial lawyers had demanded.

“Without proof of these facts, a claim for damages cannot be successful,” the Supreme Court sums up its judgment.

The ruling is a heavy blow to UK activists’ hopes of class action-style class action lawsuits against the tracking industry.

If Google had lost the ruling, this would have opened the door to further representative actions for data protection violations. But with the adtech giant won the appeal, there will likely be a big shake up British class action suits targeting data mining tech giants – who had in the past few years, which attracts financiers to commercial litigation.

A law firm responded to today’s verdict, NOT YET, wrote that the outcome of the case “will be a cause for joy for Google and any organization that handles significant amounts of data or bases its business model on the use of personal data (as well as their shareholders and / or insurers)”.

Another law firm, Linklaters LLP, described the ruling as “a severe blow to plaintiff law firms and funders who had hoped to create a new opt-out regime for data breach damages.”

“We would expect that many of the similar lawsuits that have now been brought in the wake of this would fall away,” added Harriet Ellis of Linklaters, dispute settlement partner, in a statement. “Plaintiff companies will carefully review the decision to see whether viable opt-out class actions can still be brought. But it looks really tough. “

We asked Mishcon de Reya, the law firm that Lloyd represents, for a comment.

In its own response to the Supreme Court ruling, Google avoided discussing the details of the case – and only wrote:

“That claim related to events that took place a decade ago and which we addressed at the time. People want to know that they are safe and secure online. That is why we have been concentrating for years on building products and infrastructures that respect and protect people’s privacy. “

A spokesman for the tech giant also referred to a statement by the techUK Employer’s liability insurance association – the intervened in the case in support of Google; and who writes today that “if the appeal had been denied, this would have opened the door” Bringing speculative and harassing claims against data controllers, with far-reaching consequences for both public and private organizations ”.

The UK Trade Association goes on to claim that it “does not oppose representative actions, but we believe it is right that any lawsuit must first determine whether the individual has been harmed by a data breach before filing it”. Compensation”.

However, as the Supreme Court justices note – in relation to the cost of “opt-in” (rather than “opt-out”) litigation – the barrier to access to justice can simply be pushed out of reach if individual claims are just worth it are a few hundred pounds apiece (the Lloyd litigation proposed a rate of £ 750 per person) as the associated case management costs of handling individual claimants “can easily exceed the potential value of the lawsuit”.

So – to be clear – techUK rejects representative lawsuits that are initiated over almost any data breach.

The UK’s privacy watchdog, meanwhile, has shown a total lack of willingness to enforce the law against the data mining adtech industry – despite the ICO warning that since 2019, of rampant unlawful persecution.

While The British government is now also discussing a slowdown the national data protection regime.

So the question of how exactly the average UK citizen can get the privacy rights claimed by UK law looks pretty grim right now …

So much money is at stake today, considering the other cases rely on Lloyd.

We’ll see if the following continues:

Rumble versus Salesforce
McCann on Google
One child against TikTok
Jukes versus Facebook

Various problems play a role in most of them, but all suffer from a represented class problem.

– Robert Bateman (@RobertJBateman) November 10, 2021

In the US, Google received an approval order with the FTC via Safari cookie tracking released a decade ago – already agreed in 2012, $ 22.5 million

Human rights groups have responded to the Supreme Court ruling by calling on the government to launch collective redress.

In a statement the Open rights groupJim Killock’s executive director said, “There must be a way for people to seek redress against massive data breaches without putting their homes at risk and without relying on the Information Commissioner alone.

“The ICO cannot and is sometimes unwilling to act in every case. We have waited over two years for action against the adtech industry, which, according to the ICO, is operating illegally. There is no sign of action.

“Still, it would be totally inappropriate for someone to risk their home on court fees in such cases. Without a collective mechanism we stay there: in many cases, data protection is very difficult to enforce against tech giants.

“The government should keep its word and consider implementing collective action under the GDPR, which d[t] expressly rejected in February on the grounds that Lloyd vs. Google had shown that the existing rules could offer a way to redress. “

Will Apple Arcade’s large additions broaden gaming providers’ enchantment? [analysis] | Leisure

Apple Arcade has significantly expanded its offering. The evolving service added more than 30 games in early April, and the offerings feature strong gamers that will be sure to grab core gamers’ attention.

It’s a remarkable mix of mobile classics like Monument Valley and established blockbusters like NBA 2K21 Arcade Edition. The company even added titles based on timeless pastimes like chess and crossword puzzles. The diverse portfolio caters to a wide audience and makes the subscription service a tempting offer for $ 4.99 per month. It also begs the question: if Apple builds it, will players come?

A wide range

The new additions are a sign that Apple is providing a wider network for the service. An older generation may like the idea of ​​the Timeless Classics category. Think of it as the service version of Nintendo’s surprisingly great Clubhouse Games: 51 Worldwide Classics. Virtual versions of backgammon, crossword puzzles and solitaire are created.

The versions of these games are made by third-party developers, but some offerings have some twists on the classics. For example, Zach Gage’s Really Bad Chess turns the concept of towers, knights and queens on its head by creating an imbalance.

“People are fascinated by chess, but the impeccable fairness turns people off,” said Gage. “It’s the idea of ​​fairness. We want the rules of the game to be fair. “

But what makes the drama of the game is injustice. He mentioned the idea of ​​outsiders and David and Goliath.

“We like it better when there is injustice,” said Gage.

To create more interesting scenarios in Really Bad Chess, Gage creates boards on which you have four queens and four knights and your opponent has a number of pawns. He mixes up the pieces. At first, players have an overpowering hand, but as players improve in the game, it becomes more difficult when the board leans against them.

“It’s sacrilegious but feels like playing it,” he said.

Old favorites are returning

A second group of people the service applies to may have grown up watching mobile games or becoming gaming fans since the App Store opened in 2008. These are people who love “Angry Birds” or “Crossy Road”. For this audience, Apple Arcade created another category called App Store Greats.

The offers here have a distinct feeling. These are games designed for cell phones that take advantage of iPhone and iPad touch screens. That means they’re easy to learn and play, while they’re great for bite-sized fun. Players don’t have to block an afternoon to play them. The levels are short and the experience is good enough to make your way home on the train quick.

The App Store sizes include “Threes!” The original number slider game is addicting and the type of puzzle game that players can master for hours. Meanwhile, Fruit Ninja Classic was one of the games that demonstrated the potential of the touchscreen interface of the iPhone and made a game easy to learn by slicing melons with your finger like a ninja.

Although these games were hits, Monument Valley is the instantly recognizable title and one of the defining projects on the platform. It’s been downloaded 73 million times and comes with all the bells and whistles on Apple Arcade.

This is one of the advantages of subscription services. There are no ads or additional charges. What the players get is a complete experience with no other conditions. For Monument Valley, this means that it has content that can be downloaded from Apple Arcade, such as Ida’s Dream and Forgotten Shores.

This approach to gaming is almost a throwback to the old console days. Before titles could be patched if something was wrong with them, they were released in full on disc and tapes. Players didn’t have to worry about purchasing expansion packs to play with their friends or continue the story. The game came in a box, it worked, and players enjoyed a finished experience.

Shoutout to the core games

This type of approach will appeal to core and long-term gamers that Apple Arcade is touting with its Apple Originals. It’s not a new category in the service per se, but it does reload with a number of titles that will appeal to that crowd.

Platinum Games, the makers of hits like “Bayonetta” and “NieR: Automata”, released “World of Demons”. It looks like the cult favorite “Okami” and that shouldn’t come as a surprise given that the game’s director Hideki Kamiya was a co-founder of the studio. “Demons” has a console feel with its fast twitch button-mashing sword fight, but has mobile elements like the bite-sized confrontations and levels. Best of all, it works with a controller to make the console feel to be on mobile devices.

For older players, “The Oregon Trail” can be a good afternoon break. The graphics and some game mechanics have been redesigned, but it’s essentially the same game fans played on the Apple II computer. Gamers will appreciate the beautiful graphics that are light years ahead of the green and black images they saw in childhood.

Final Fantasy fans should check out Mistwalker’s Fantasian. It’s an RPG that reunites series creator Hironobu Sakaguchi and composer Nobuo Uematsu. The special thing about this role-playing game is that the scenery is created using real dioramas over which the characters are placed. It’s an unusual mix of practical and computer-generated effects that together tell a fascinating story with combat mechanics.

While all of these games will spark the interest of core gamers, NBA 2K21 Arcade Edition is the game that may find the largest audience. Either way, this is a full version of the core game. It has all the NBA teams, multiplayer and MyCareer. It works with a controller or touchscreen controls.

Parts of the game like MyCareer are a bit reduced. It still has the feel of a basketball RPG, but the story is told through voice narration instead of cutscenes.

It is noteworthy that as an Apple Arcade game, there are no microtransactions. That’s something that the console versions are packed with. This makes the Apple Arcade game feel like a purer version of the experience. Players simply tap the game’s icon and play without worrying about extra cash. VC is still in the game, but it is awarded like normal points that help improve a character. Players no longer pay money to power up their avatar. Instead, it does this through normal campaign play.

Regarding the online modes, Tyler Nation, Vice President and Head of Mobile at 2K, said Visual Concepts tried to make matchmaking fair by playing players on controllers versus players on controllers and players on Macs versus players on Macs. Online play is a major attraction of the franchise.

All of these additions provide Apple Arcade with a list of 180+ games. It’s a catalog that is more attractive than before and is part of a bigger trend. Gaming companies like Microsoft are investing in their own subscription services, buying studios and making offers for this content. It’s part of a process that will make the gaming scene look more like Netflix in five years.

ThredUp will attraction to middle-income shoppers who can be spending cash on clothes post-COVID

ThredUp Inc. features analysts who say the company is poised to grow in the red-hot resale market.

ThredUp
TDUP, + 8.78%
is a Online second hand dealer that began to act 26th of March.

KeyBanc Capital Markets has initiated ThredUp shares overweighted with a price target of USD 22.

“[W]We believe ThredUp is well positioned as middle class consumers turn to apparel spending, ”wrote analysts, led by Edward Yruma.

Analysts and investors have turned their attention to spending behavior as the vaccine rollout continues. Clothing sales It is expected that this will be one of the areas that will get a boost after the end of the pandemic.

With prices roughly 40% below retail, the ThredUp marketplace offers middle-income buyers the opportunity to buy more at better prices.

ThredUp will also benefit from repeat business, according to the data compiled by KeyBanc.

Read: ThredUp CEO on IPO Day: Don’t Control Resale and Amazon’s Speed ​​is a Fading Trend for Young Buyers

And: America is slated to reopen on July 4th, and restaurants are poised to capitalize on the desire to “come out and gather,” says JPMorgan

“Our Key First Look (KFL) data suggests strong cohort retention and we believe that improving macro / apparel conditions will accelerate sales again.”

ThredUp is also supported by consumer trends that accelerated during COVID-19, including the move to e-commerce and consumers’ desire to shop sustainably.

On Tuesday, Lululemon Athletica Inc.
LULU, -2.24%
was the newest brand to offer Second-hand goods. Nike Inc. has opened a refurbished sneaker store last week. And Walmart Inc.
WMT, + 0.62%
and Gap Inc.
GPS, -2.16%
are just a few of the companies that have partnered with ThredUp over the past year as part of their own resale initiatives.

Second-hand competitor Poshmark Inc.
POSH, -2.12%
and The RealReal Inc.
REAL, -3.76%
went public in recent years.

Likewise: Poshmark will benefit from the move to used consumers cleaning their cabinets

“Cowen believes that department stores and mall retailers are likely to be stock donors in the next few years due to a combination of store closures and a greater shift in consumer preference to online and value-based concepts,” Cowen analysts wrote in a report dated Jan. March.

Cowen expects the online resale market to grow 25% at a compound annual growth rate (CAGR) and reach $ 70 billion by 2028.

Resale adoption is most robust among women between the ages of 18 and 34, according to Cowen Consumer Tracker.

According to Cowen, ThredUp, along with Poshmark and The RealReal, are among the leaders in the resale space, with smaller companies like Mercari and Rebag making the category more competitive.

“We see significant room for growth as resale becomes popular in all age groups and sustainability becomes a major issue. In addition, the flywheel effect of buyers becoming sellers and vice versa should support resale growth and promote customer loyalty, ”write analysts, led by Oliver Chen.

Wells Fargo initiated an overweight ThredUp stock with a price target of $ 22. Analysts, led by Ike Boruchow, see resale as a “potentially disruptive” sector of the retail market, and ThredUp’s business model can scale and “support high margins over the long term”.

Do not miss: Expect “eye-catching” sales from consumer companies when the calendar expires on COVID closings

Wells Fargo and KeyBanc analysts also highlight the efficiency of ThredUp’s operations.

“ThredUp’s network with highly automated distribution centers enables a solid order economy with an AOV of 69 USD [average order value]”Wrote KeyBanc.

“Low processing / distribution costs are very important given the low prices, and we believe this offers a significant structural advantage.”

ThredUp shares rose 11.1% on Tuesday, despite having slumped 27.6% so far this month. The S&P 500 Index
SPX, -0.66%
has risen by almost 4% so far in April.

Attorneys for Johnny Depp enchantment ‘spouse beater’ ruling in UK | Leisure




Johnny Depp supporters hold a banner in front of the High Court in London on Thursday March 18, 2021. Johnny Depp’s attempt to overturn a damned decision that he attacked his ex-wife Amber Heard and put her in fear for her life will be ruled by the appellate court on Thursday.




The media will wait outside the High Court in London on Thursday March 18, 2021. Johnny Depp’s attempt to overturn a damn decision that he assaulted his ex-wife Amber Heard and put her in fear for her life is under review in the appeals court Thursday.

LONDON (AP) – Johnny Depp’s lawyers have overturned a UK court ruling attacking his ex-wife Amber Heard, arguing Thursday that Heard did not have her entire $ 7 million divorce settlement for charity Donated to purposes as she claimed.

The Hollywood star is seeking permission to appeal the November ruling in his defamation lawsuit against The Sun newspaper for being referred to as a “bully” in an April 2018 article. Depp lost the case in July after a three-week trial.

Supreme Court Justice Andrew Nicol ruled that attorneys for Sun-publisher News Group Newspapers proved during the trial that the allegations against Depp in an April 2018 article are “essentially true”.

The judge ruled that 57-year-old Depp Heard had been attacked a dozen times and she feared for her life three times.

On Thursday, Depp’s attorneys argued for an appeal based on new evidence that Heard had not donated the full amount of her $ 7 million divorce settlement to two charities.

Attorney Andrew Caldecott said the fundraising claims “gave Heard a significant boost to her credibility as a person” and “tipped the scales against Mr. Depp from the start”.

“It’s a wrong plus for her and a wrong minus for him,” he told the judge.