How about Xinhua Bookstore? Why don't many people buy books and go bankrupt?

Xinhua Bookstore is a good state-owned enterprise. At present, there are chains all over the country, and Xinhua Bookstore monopolizes the sales of teaching materials. This alone is enough to support it to survive, so it will not go bankrupt.

Xinhua Bookstore's main profit source comes from selling teaching materials, supplementary materials and popular books and periodicals. After all other physical bookstores died, Xinhua Bookstore actually enjoyed the sales profits of all physical books. At present, Xinhua Bookstore has begun to try to sell books online. Due to the special status of publishing houses, this industry has developed rapidly.

In addition, Xinhua Bookstore itself is constantly reforming, changing from a "book seller" to a "reading service provider". In many big cities, Xinhua Bookstore is called a good place for reading, and readers can find the books they want in any corner of the bookstore. Xinhua Bookstore in some cities has even opened water bars, seats and other services. Because Xinhua Bookstore has no operating pressure, it has achieved a rapid transformation in line with the trend when the Internet publishing industry arrived.

Xinhua Bookstore has become a symbol of a city and a symbol of reading and learning culture. Like a museum, it won't disappear.