Amazon China Is Shutting Down

As CNBC reports, Amazon is shutting down its e-commerce business in the China market. The Amazon.cn website will officially close this summer as the tech giant shifts its focus to cross-border sales. "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 stated, according to a report by the Financial Times. "Over the past few years, we have been evolving our China online retail...