Amazon admits defeat against Chinese e-commerce rivals like Alibaba and

Gaurav Sachdeva

Gaurav Sachdeva

Amazon is shutting down its Chinese domestic e-commerce business, it told sellers on Thursday. By July 18th, will no longer be open to third-party sellers, meaning it won’t compete with the massive e-commerce giants of China, including Alibaba and Amazon still plans to let Chinese customers shop at international versions of the site, including the company’s American, British, German, and Japanese marketplaces. Amazon says it’s reevaluating its fulfillment strategy in the country to meet those needs.

Amazon tells The Verge in a statement, “Over the past few years, we have been evolving our China online retail business to increasingly emphasize cross-border sales, and in return we’ve seen very strong response from…

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The Verge – Tech Posts

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