Amazon Online retailer Amazon.com is stopping the online store in China. Customers in China’s market could buy local merchandise through Amazon for so long. From now on they will not get this facility. However, Chinese buyers can purchase products from Amazon’s Global Store. This data was given in a BBC On-line report.
The company said that Amazon is not keeping China’s internal online store since July. However, the company did not bring any changes to other business in Amazon, the company said. Amazon’s main competitor in China, local online organization Alibaba and JD Dotcom. The online store will be closed in July-Amazon indicated that the decision was already there. Their plans to sell global products and to emphasize the cloud business further.
Buyers can not buy any local Chinese products from Amazon’s Global Store from July this year due to this move. In 2004, Amazon purchased online platform for Chinese books, songs and videos for $ 70 million. Later in 2007, its name was changed to Amazon.com. But from the very beginning, in the Chinese market, the competition with local companies JD.com and Alibaba was in intense competition Amazon. Amazon has strengthened its position in India even after deciding to reduce trade in China.
The company has made new investments to catch the Indian market. They have plans to invest around five and a half million dollars. However, Amazon will compete with the local company Flipkart in the Indian market.