Amazon to close online store in China

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American Amazon has decided to close the online store in China by July 18. Amazon was unable to implement its plans to conquer the Chinese e-commerce market against the backdrop of strong competition from Chinese companies such as Alibaba Holding, Tmall marketplace and JD.com, share of which in the PRC market, according to iResearch Global, was 82% in 2018. The American company intends to focus on sales of foreign goods through the Amazon Global Selling service and believes that interested sellers will be able to use it. The company promises them to ensure a smooth transition and provide their customers with the best quality service. Amazon will also focus on providing cloud services in China, intending to continue building up business in this most populous country in the world.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
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