Amazon plans to shut online store in China

Amazon plans to shut its online store in China that allows shoppers to buy from local sellers as it downsizes operations in the country. The firm said it would no longer run the domestic marketplace from July, but Chinese shoppers will still be able to order goods from Amazon's global store. It will also continue to operate its cloud business in China. The retail retreat comes as Amazon faces tough competition from local rivals Alibaba and JD.com.

Source: https://www.bbc.com/news/business-47972634

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