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Business

Amazon closes Kindle store in China




The company announced on Thursday that from July 2023, Kindle users will not be able to buy online books in the country.

Existing customers will be able to download previously purchased titles until June 2024. Amazon (AMZN) also said it would stop supplying Kindle devices to retailers starts Thursday.

“Amazon China’s long-term commitment to customers will not change,” the Seattle-based firm said in a statement. “We have established a comprehensive business base in China and will continue to innovate and invest.”[ads1];

The move adds a number of corporate withdrawals from China the last few months. Last week, Airbnb (ABNB) announced that it would remove all listings in the country and instead concentrate on outbound travelers, saying it had incurred increasing costs that were exacerbated by Covid-19. As of this summer, guests will no longer be able to make reservations in China.
Airbnb closes its construction business in China
In October last year, LinkedIn said it would shut down the local version of its platform in China, citing a “significantly more challenging operating environment” and compliance barriers.
The platform, which is owned by Microsoft (MSFT), decided to introduce a brand new, even more localized service, called InJobs. The site is intended to serve less as a personal, professional networking service that allows users to share messages and online posts, and more as a traditional career portal.

Amazon first entered mainland China in 2004 by acquiring Joyo.com, a major online seller of books, music and videos in the country.

Since then, it has had limited success in the large market. In 2019, the company closed its local marketplace in China, which means that customers could no longer buy goods from Chinese suppliers.

Amazon will no longer sell Chinese goods in China
While the company did not publicly explain why, analysts indicated that it had waived home-made competition, led by players such as Ali Baba (BABY) and JD.com (JD).

Amazon continues to operate an online store in China that allows “overseas” purchases, “the company noted in its statement Thursday, in addition to logistics, cloud services and advertising services.

– CNN’s Shawn Deng and Ziyu Zhang contributed to this report.



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