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Is Xinzhi Bookstore going bankrupt?

Yes

Xinzhi book mall Xinzhi Bookstore, located in Xiaoximen Baihui Shopping Mall, opened in the 1990s and was once the largest bookstore in Yunnan. However, book retailing and even physical books are also the industries and products most affected by the Internet. Now Xinzhi Bookstore itself has faced the problem of transformation, and its contribution to Xiaoximen business circle is getting smaller and smaller.

Kunming Xinzhi Bookstore Co., Ltd., founded in 199 1, has a strong purchasing staff with high professional level, ranking first in the southwest and fifth in the whole country.