- After 15 years as an also-ran in China’s online shopping sector, Amazon is to quit the country soon, according to sources speaking with Reuters.
- Amazon expects to close its China marketplace and shut merchant fulfillment centers in the next 90 days. Only Kindle e-readers and Amazon’s online content will continue to be available.
- The move underscores how entrenched, home-grown ecommerce rivals – especially Alibaba and JD – have made it difficult for Amazon’s marketplace to gain a foothold.
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