Amazon to close its online biz in China: Report

| | San Francisco
  • 0

Amazon to close its online biz in China: Report

Tuesday, 23 April 2019 | IANS | San Francisco

Amazon to close its online biz in China: Report

Retail giant Amazon will withdraw its domestic e-commerce marketplace business in China, effective from July 18, but will keep operating its other business sections, including Amazon Web Services, Kindle e-books and cross-border operations.

Facing stiff competition from local online marketplace operators, including Alibaba, JD.com as well as the fast-growing Pinduoduo, Amazon's exit from e-commerce business would be the end of the company's 15 years of journey into the China market.

"We are notifying sellers that we will no longer operate a marketplace on Amazon.cn (the Chinese-language site) and we will no longer be providing seller services on Amazon.cn effective July 18," the company was quoted as saying by the Financial Times late on Monday.

Agency data suggested that Alibaba owns 58.2 per cent of China's e-commerce market in terms of sales, followed by JD.com's 16.3 per cent and Pinduoduo's 5.2 per cent, said a Sina report in July 2018, according to the ZDNet.

Meanwhile, 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 US, Britain, Germany and Japan via the retail giant's global store.

State Editions

Rain pushes air quality to good category

19 August 2019 | Staff Reporter | Delhi

Rename JNU after Modi: Hans Raj Hans

19 August 2019 | Staff Reporter | Delhi

32-yr-old woman set ablaze by in-laws in Nizamuddin

19 August 2019 | Staff Reporter | Delhi

Yamuna river rises, flows near warning mark

19 August 2019 | Staff Reporter | Delhi

Sunday Edition

Game on!

18 August 2019 | Pioneer | Agenda

Krishna, the nation builder

18 August 2019 | Dr. Asha Goswami | Agenda

Happiness in digital world

18 August 2019 | Dr Awdhesh Singh | Agenda

Faith does more than heal

18 August 2019 | Ajit Kumar Bishnoi | Agenda

Astroturf | Let love play the game changer

18 August 2019 | Bharat Bhushan Padmadeo | Agenda

Art for the soul

18 August 2019 | Shalini Saksena | Sunday Pioneer