Amazon to shut down its China online store by 18 July; to focus on cloud services
5 years, 8 months ago

Amazon to shut down its China online store by 18 July; to focus on cloud services

Firstpost  

Amazon will wind down support for domestic-selling merchants in China in the next 90 days Amazon.com Inc said it will shut its China online store by 18 July, as the US e-commerce giant focuses on the lucrative businesses of selling overseas goods and cloud services in the world’s most populous nation. Consumer research firm iResearch Global said Alibaba Group Holding’s Tmall marketplace and JD.com controlled 82 percent of the Chinese e-commerce market last year. “Sellers interested in continuing to sell on Amazon outside of China are able to do so through Amazon Global Selling.” The sources said that Amazon shoppers in China will no longer be able to buy goods from third-party merchants in the country, but they still will be able to order from the United States, Britain, Germany and Japan via the firm’s global store. The Amazon spokeswoman said that the company would continue to invest and grow in China through its Amazon Global Store, Global Selling, Kindle e-readers and online content.

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