Amazon plans to close down online retail operations in China, admitting defeat to local e-commerce rivals such as Alibaba and JD.com.
a. France
b. Saudi Arabia
c. Turkey
d. China
Details:
- Amazon will continue other operations in China such as Amazon Web Services (AWS).
- They will also continue Kindle e-books and teams that help ship goods from Chinese merchants to customers abroad.
One must know:
- Amazon entered China in 2004, when it acquired a local online book seller for USD 75 million.
- They launched its Prime membership programme in China in 2016 with aim to lure customers with high-quality Western goods and perks like free international deliveries.
About Amazon:
- Amazon was founded on July 5th, 1994, that is 24 years ago in Bellevue, Washington.
- Its founder is Jeff Bezos.
- The headquarters of Amazon are at Seattle, Washington, U.S.
- Jeff Bezos is the Chairman, President and CEO of Amazon.
Question:
Q. Amazon plans to close down online retail operations in which country by admitting defeat to local e-commerce rivals such as Alibaba and JD.com?a. France
b. Saudi Arabia
c. Turkey
d. China
