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Turnover from sales from bricks-and-mortar US bookstores was down 31% in the first seven months of 2020.
The American Booksellers Association has launched an advertising campaign against Amazon to alert the public to what it calls the growing danger that book stores are under from the online goliath during the coronavirus pandemic.
EARLIER this month, SoftBank led a US$502mil investment in a London-based virtual reality startup called Improbable Worlds. Less than two years ago, the startup was worth about US$100mil.