Shanda: 500 yuan reasonable price for ebooks – WTF?

Trading Markets are reporting:

E-books will become a major reading mode and the reasonable price should be about CNY 500 each, said Zhou Hongli, the chief copyright officer of Shanda Literature Corp. (SDL), the literature business unit of leading Chinese interactive entertainment media company Shanda Interactive Entertainment Ltd. (NASDAQ: SNDA | PowerRating), recently.

They  must have made a mistake somehow.  500 CNY is about $73 USD. As much as the agency 5 might  love the price point, it makes no sense for the price of an ebook. Perhaps the Shanda spokesman was saying that would be a good price for an ebook _reader_. I don't know.

About Nate Hoffelder (10078 Articles)
Nate Hoffelder is the founder and editor of The Digital Reader:"I've been into reading ebooks since forever, but I only got my first ereader in July 2007. Everything quickly spiraled out of control from there. Before I started this blog in January 2010 I covered ebooks, ebook readers, and digital publishing for about 2 years as a part of MobileRead Forums. It's a great community, and being a member is a joy. But I thought I could make something out of how I covered the news for MobileRead, so I started this blog."

1 Comment on Shanda: 500 yuan reasonable price for ebooks – WTF?

  1. I wonder if he meant the e-reader.

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