Amazon plans to close its marketplace for Chinese- Singapore/Seattle: Amazon.com Inc. In a rare comeback, the e-commerce giant has planned to close its Chinese Market business in July because it focuses on offering foreign products to mainland consumers instead of local vendors. Amazon will continue to run its other businesses in China, which includes Amazon will continue to run its other businesses in China, which includes Amazon Web services, Kindle e-books and cross- border operations, which help clients to send goods from Chinese traders abroad. Beginning on July 18th customers who log in to Amazon’s Chinese web portal, Amazon.cn, will only see the selection of goods from their global stores instead of third-party vendors.
Amazon plans to close its marketplace for Chinese, Focus more in India
Getting out of Chinese e-commerce is a shock to the company in the world’s largest retail market, and for CEO Jeff Bezos, who is known for the desire to weather the weather to achieve long-term benefits. It is also the latest example of an American tech company in China, which is struggling with local leaders such as Alibaba Group Holding Limited and JD.com Inc., as well as Group Purchase App Pinduoduo Inc., which was public in New York last year…
Amazon entered China in 2004 when he bought a local online bookseller for $ 75 million. Since then, it has invested in warehouses, data centers, and Chinese vendors to teach how Amazon’s customers get their merchandise. It launched its Prime membership program in China in 2016, in which promises of providing customers such as Western WooCommerce and Free International Delivery were promised. But additional allowances like prime video, which have been used to entice customers in other markets, are not available to users in China.
Amazon plans to close its marketplace for Chinese. Alibaba, Jedi and other Chinese platforms also increased their offerings of everything from American cherries to Australian baby formula. According to IResearch, Amazon still has less than 1 percent market share in China.
Amazon to close domestic marketplace business in China
The pullback is the latest indication that Amazon is bashing China, so it can focus on India, where it is a better prospect to be a major player. The company has invested billions of dollars in India’s business since opening its website in 2013 so that more than 50 godowns can be built to support the business. For the latest updates, you can visit www.indiatimelines.com.
where Alibaba and others are operating or investing in local startups like Paytm e-Commerce Private and Bigbasket, But Amazon still has to fight with Chinese e-commerce players in India.
According to the company spokesman, Amazon’s commitment to China is still strong and it will continue to invest in the country. He said that it is transferring the focus of its online retail business to cross-border sales, which are selling both Chinese merchants abroad to consumers and looking for high-quality goods from Chinese customers worldwide.