Amazon says it will no longer operate a marketplace nor provide seller services on its Chinese website
Amazon.com Inc on Thursday said it is notifying sellers that it will no longer operate a marketplace nor provide seller services on its Chinese website, Amazon.cn, from July 18.
Amazon shoppers in China will no longer be able to buy goods from third-party merchants in the country, but they still will be able to order from the United States, Britain, Germany and Japan via the firm's global store. "They're pulling out because it's not profitable and not growing," said analyst Michael Pachter at Wedbush Securities.
Amazon's customers in China will still be able to purchase the firm's Kindle e-readers and online content, and the company's local website, amazon.cn, will continue to exist, said the sources, who spoke on condition of anonymity. Amazon Web Services, the company's cloud computing unit that sells data storage and computing power to enterprises, will remain as well.
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