Founder Group bets big on digital publishing revenues

Digital publishing solutions provider Founder Group is planning to build the largest digital library in China and expects digital publishing to account for 20 to 30 percent of its IT business in the near future, said a senior company executive.

Fang Zhonghua, senior vice president of the group, said digital publishing business could generate revenue of 2 billion yuan for the group over the next three years. The group reported a total revenue of 45 billion yuan in 2008, about half of which came from its IT business.

Founder is now stepping up efforts to make its digital book portal Fanshu.com the largest digital library in China and increasing its stock of copyrighted digital books from 500,000 to 1.8 million.