Stories
Slash Boxes
Comments

SoylentNews is people

SoylentNews is powered by your submissions, so send in your scoop. Only 15 submissions in the queue.
posted by martyb on Thursday April 18 2019, @07:17AM   Printer-friendly
from the not-in-your-backyard-market dept.

Amazon is closing the local marketplace in China, though the Chinese will still be able to buy goods from Amazon marketplaces outside of China.

https://www.reuters.com/article/us-amazon-com-china/amazon-to-close-domestic-marketplace-business-in-china-sources-idUSKCN1RT2A7

Amazon.com Inc plans to close its domestic marketplace business in China by mid-July, people familiar with the matter told Reuters on Wednesday, focusing efforts on its more lucrative businesses selling overseas goods and cloud services in the world's most populous nation.

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, United Kingdom, Denmark and Japan via Amazon's global store. Amazon expects to close fulfillment centers and wind down its support for domestic-selling merchants in China in the next 90 days, one of the people said.

[...] Amazon is still expanding aggressively in other countries, notably India, where it is contending with local player Flipkart to dominate that market. China, on the other hand, has appeared to factor less and less in the global aspirations of top U.S. tech firms Amazon, Netflix Inc, Facebook Inc and Alphabet Inc's Google, Pachter said.

Customers of Amazon in China will still be able to purchase its Kindle e-readers and online content, according to sources, who spoke on condition of anonymity. Amazon Web Services, the company's cloud unit that sells data storage and computing power to enterprises, will remain as well.


Original Submission

 
This discussion has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 4, Funny) by TrentDavey on Thursday April 18 2019, @01:34PM

    by TrentDavey (1526) on Thursday April 18 2019, @01:34PM (#831619)

    Maybe the good people of China were tired of receiving cheap, American counterfeit goods when expecting the usual quality Chinese "brands".

    Starting Score:    1  point
    Moderation   +2  
       Funny=2, Total=2
    Extra 'Funny' Modifier   0  
    Karma-Bonus Modifier   +1  

    Total Score:   4