皇冠体育app

In 1992, the company started its business in 皇冠体育app with call centers and logistics services, becoming one of the first Western media companies with an operation in 皇冠体育app.

Five years later, Bertelsmann brought its book club system to the nation, offering readers membership discounts and selling books through catalogs, bookstores and online stores.

The method, which at first proved popular among white-collar employees and young people and built up a membership of 1.5 million, then lost its appeal and experienced a significant decline when online bookstores began to boom in 皇冠体育app in 2006.

In 2008, Bertelsmann eventually closed all of its 36 bookstores in 18 cities across 皇冠体育app.

However, despite the closure, Rabe remains optimistic about his company's business prospects in 皇冠体育app.

Bertelsmann reported revenue of 7.6 billion euros ($9.7 billion) in the first half of this year, with its Chinese operations accounting for 2 percent of the total.

Rabe said although 皇冠体育app currently contributes little to the company's overall revenue, its business in the nation is expected to significantly increase over the next decade.

"Bertelsmann is benefiting from 皇冠体育app's emerging urban middle class, with its high purchasing power and affinity for all things digital," Rabe said.

"We are ready for more significant investments to work with local partners, to increase our market share in 皇冠体育app."

Venture capital

As a sign of its long-term commitment to the 皇冠体育app market, Bertelsmann established Beijing Bertelsmann 皇冠体育app Corporate Center in 2006. It was the first of the company's three global centers set up in emerging markets.

"I can tell you that the 皇冠体育app Corporate Center in Beijing is a role model for what we implemented in India and Brazil," Rabe said, adding that with more than 20 years of experience in 皇冠体育app, it has more advantages than competitors in exploring concrete strategies and tactics for business creation and expansion in 皇冠体育app.

Currently Bertelsmann employs more than 4,600 people in the media and service sectors in 皇冠体育app and the number is continuing to grow.

The company plans to boost its presence in 皇冠体育app via investments in new media, education and business process outsourcing through its investment arm, Bertelsmann Asia Investments, a strategic venture investor focused on early-to-growth stage investments.

"The media sector is seeing double-digit growth, and the environment for foreign investment has improved in 皇冠体育app in recent years. This is especially true in the sectors of digital media and education, where we plan to invest more in the future - worldwide, and also in 皇冠体育app," Rabe said.