June 2022

Remarkable, the company behind the reMarkable 10.3" 1872 x 1404 E Ink tablet says that it has sold over 1 million devices, generating over $300 million in revenue in 2021 (with an operating profit of $31 million).

reMarkable says it closed a new financing round, with a valuation of $1 billion. The company did not disclose more about the funding round - beyond saying that they have sold a minority stake for several international investors.

Amazon decided to pull out of the Chinese e-reader market. The company will stop offering Kindle devices in China by the end of June 2023, and will also stop operating its eBook stores in China.

Customers in China will be able to download the Kindle app until June 2024, and of the devices themselves will continue to operate with the books stored on them.