Today’s top tech news, April 18: Amazon to shut China online store; OYO fires 25 staffers for misconduct

As per iResearch Global, Alibaba’s Tmall marketplace and JD.com controlled 82 per cent of the Chinese e-commerce market last year Amazon, facing entrenched rivals, says to shut China online store [Reuters] Amazon.com said it will shut its China online store by July 18, as the US e-commerce giant focuses on the lucrative businesses of selling […] The post Today’s top tech news, April 18: Amazon to shut China online store; OYO fires 25 staffers for misconduct appeared first on e27.


18 Apr, 2019E27.CO

BEAM - Today’s top tech news, April 18: Amazon to shut China online store; OYO fires 25 staffers for misconduct | BEAM

As per iResearch Global, Alibaba’s Tmall marketplace and JD.com controlled 82 per cent of the Chinese e-commerce market last year

Amazon, facing entrenched rivals, says to shut China online store [Reuters]

Amazon.com 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’s Tmall marketplace and JD.com controlled 82 per cent of the Chinese e-commerce market last year....

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