Current Affairs

Amazon plans to Close Down Online Retail Operations in China

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
Amazon plans to Close Down Online Retail Operations in China Amazon plans to Close Down Online Retail Operations in China Reviewed by Neha Verma on April 22, 2019 Rating: 5

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