Amazon will close its Chinese marketplace in July

guest · Apr 18, 2019

Amazon will close its Chinese marketplace in July
The Chinese market is tough for Western competition
April 18, 2019
https://www.engadget.com/2019/04/18/amazon-close-chinese-marketplace-in-july/

Amazon is pulling the plug on its e-commerce marketplace business in China. The decision follows a long struggle by American e-commerce companies in the country, who have fallen behind China's faster shopping rivals.

Further, The Wall Street Journal reports that Amazon is in merger talks with Chinese competitor, NetEase Inc's Kaola. A potential deal could see a stock-for-stock transaction, although neither company would comment on the status of those talks.

Amazon arrived in China in 2004 with the purchase of Joyo.com [...] Amazon is now a very small player in China's e-commerce market.
While it would be feasible for Amazon to continue its operations there, getting ahead would mean spending big to unseat its competitors, or dropping prices even further -- evidently its executives have made the decision to quite while its ahead.
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