For Amazon, China’s E-Commerce Market Proved Too Much of a Jungle

  • 📰 WSJ
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Amazon is checking out of China’s fierce e-commerce market, marking an end to a long struggle by U.S. tech giants

The company has been in talks to merge its cross-border e-commerce business with a local competitor, NetEase’s Kaola

“Made in China 2025” is Beijing’s industrial plan to dominate high-tech industries including robotics, aerospace and computer chips. The Trump administration argues China is using the plan to give its tech companies unfair advantage over foreign rivals. But what is it exactly?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Amazon not doing well in Australia and India as well...

Amazon enjoys a near monopoly in the West. For Capitalism to work, it needs competition. About time this company was broken up and made to pay its fair share of taxes.

The US, can and will play the long game also. Doing what is best for our citizens,markets, economy and Democracy. Great read.

aww, poor amazon couldm't compete. oh well, it still has the US market to monopolize.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Amazon is shutting down its China marketplace business. Here's why it has struggledAmazon said it will 'no longer operate a marketplace on Amazon.cn' and 'will no longer be providing seller services on Amazon.cn effective July 18.' This is surprising. I would have thought JeffBezos would have been more aggressive in this space considering it's size. The article mentions 'The U.S. giant has also not been as aggressive on the marketing front as some of its rivals.' I wonder why this was. Possible MorA? Lebok
Source: CNBC - 🏆 12. / 72 Read more »

Jeff Bezos says Amazon 'remains a small player' in retail after the company posted revenues of $233 billion last yearBezos said Amazon represents a small percentage of the retail market, and pointed out that e-commerce only makes up a 10% share of retail overall.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Amazon faces probe from Italy's antitrust authority over abuse of market positionItaly's competition authority announced on Tuesday it will begin a preliminary investigation into whether Amazon abused its dominance in e-commerce and logistics services. amazon twitter facebook unlimited company working and friendship france country full sporting making world best church 850 year old amazing good confidence god bless you há razão p isso............rapidez e confiabilidade........... congratulation
Source: CNBC - 🏆 12. / 72 Read more »

Amazon's warehouse robotics acquisition will strengthen operationsOnline retail behemoth Amazon has acquired Canvas Technology, a Colorado-based warehouse robotics startup, for an undisclosed sum, per TechCrunch.
Source: BusinessInsider - 🏆 729. / 51 Read more »