Amazon plans to close Chinese marketplace business, focus more on India
Amazon has plowed billions of dollars into the India business since opening its website there in 2013, building more than 50 warehouses to support the business
The company will keep running other businesses in China, including Amazon Web Services, Kindle e-books, and cross-border operations
Singapore/Seattle: In a rare retreat for Amazon.com Inc., the e-commerce giant plans to shut down its Chinese marketplace business in July as it shifts its focus to offering mainland consumers overseas products rather than goods from local sellers.
Amazon will keep running its other businesses in China, including Amazon Web Services, Kindle e-books, and cross-border operations that help ship goods from Chinese merchants to customers abroad. Starting on 18 July, customers logging in to Amazon’s Chinese web portal, Amazon.cn, will only see a selection of goods from its global store, rather than products from third-party sellers.