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Amazon plans to close Chinese marketplace business, focus more on India

Amazon.com Inc. plans to shut down its Chinese marketplace business in July to sgift its focus more on India. Amazon will keep running its other businesses in China, including Amazon Web Services, Kindle e-books, and cross-border operations that help ship goods from Chinese merchants to customers abroad. Amazon entered China in 2004, when it bought a local online book seller for $75 million. Amazon still has less than 1% market share in China.

Read More at Livemint News date : 18 Apr 2019, Thursday

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