Amazon admits defeat against Chinese e-commerce rivals like Alibaba and JD.com

Amazon is shutting down its Chinese domestic e-commerce business, it told sellers on Thursday. By July 18th, Amazon.cn will no longer be open to third-party sellers, meaning it won’t compete with the massive e-commerce giants of China, including Alibaba and JD.com. Amazon still plans to let Chinese customers shop at international versions of the site, including the company’s American, British, German, and Japanese marketplaces. Amazon says it’s reevaluating its fulfillment strategy in...

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