china china: Amazon AMZN did not explain why it was withdrawing its marketplace service, saying only it will instead focus on selling goods shipped from other countries into China, according to CNN. China will overtake the US as the world's biggest retail market this year We are notifying sellers we will no longer operate a marketplace on Amazon.cn, and we will no longer be providing seller services on Amazon.cn effective July 18, the company said in a statement. It will close its marketplace in China in the coming months, meaning Amazon customers in the country will no longer be able to buy goods from Chinese merchants. Amazon's platform competes for Chinese sellers with Tmall, owned by the country's e-commerce leader Alibaba BABA . Read More Amazon first entered the Chinese market 15 years ago, when it acquired an online book retailer, but it has struggled amid fierce competition. China's online retail market is huge, notching up about 2 trillion in sales annually, according to research firmer eMarketer. Research suggests that the company's market share in China was miniscule compared to local rivals.
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