Apr 18, 2019
Amazon plans to shut online store in China
Amazon plans to shut its online store in China that allows shoppers to buy from local sellers as it downsizes operations in the country. The firm said it would no longer run the domestic marketplace from July, but Chinese shoppers will still be able to order goods from Amazon's global store. The retail retreat comes as Amazon faces tough competition from local rivals Alibaba and JD.com. Reuters first reported Amazon's plans to close its domestic marketplace in China by mid-July to focus on more lucrative businesses selling overseas goods and cloud services. Consumers accessing Amazon Chinese web portal, Amazon.
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