Business / Amazon to Shutdown Its Online Shopping Business in China

The Quint : Apr 19, 2019, 10:53 AM
Amazon might be growing leaps and bounds in most of its markets, but China has been hard to track, with local competition making things difficult for it. Jeff Bezos owned e-commerce giant has decided to cut its losses from the online business by shutting down the online shopping vertical for businesses and consumers in the country. Amazon’s online store in China will be shutdown by 18 July this year.