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April 18 - 09:04
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Amazon to shut down e-commerce services in China and focus on cloud
Amazon is to close its e-commerce operations in China to focus on selling AWS services in the country. Its online store holds just a 0.6% market share in China in the face of competition from the likes of Alibaba and JD.com. It will now close in July this year. An Amazon spokesperson said it would continue to grow in China through its global store as well as AWS.
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