FILE PHOTO: Amazon.com's logo is seen at Amazon Japan's office building in Tokyo, Japan, August 8, 2016. REUTERS/Kim Kyung-Hoon/File Photo
Shoppers in China will no longer be able to buy goods from other third-party merchants in the country, but they still will be able to order from the United States, United Kingdom, Denmark and Japan via Amazon’s global store. Amazon expects to close fulfillment centers and wind down its support for domestic-selling merchants in China in the next 90 days, one of the people said.
The company’s China marketplace, which has stocked products from Chinese as well as overseas merchants, struggled to gain a foothold in the country’s fiercely competitive e-commerce market. Consumer insights firm iResearch Global said that Alibaba Group Holding Ltd’s Tmall marketplace and JD.com held 81.9 percent of the Chinese market last year.
Great now Amazon should close the American Marketplace to Chinese sellers to give American sellers an even playing ground here at home!!!
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Source: CNBC - 🏆 12. / 72 Read more »