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Amazon plans to Close Down Online Retail Operations in China

Published on April 22, 2019
Amazon plans to close down online retail operations in China, admitting defeat to local e-commerce rivals such as Alibaba and JD.com.
Amazon plans to Close Down Online Retail Operations in 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
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