FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, Jan. 19, 2019. REUTERS/Pascal Rossignol/File Photo
SAN FRANCISCO/BEIJING/HONG KONG: Amazon.com Inc said it will shut its China online store by July 18, as the US e-commerce giant focuses on the lucrative businesses of selling overseas goods and cloud services in the world's most populous nation.
The move underscores how entrenched, home-grown e-commerce rivals have made it difficult for Amazon's marketplace to gain traction in China. Consumer research firm iResearch Global said Alibaba Group Holding's Tmall marketplace and JD.com controlled 82% of the Chinese e-commerce market last year.
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