Tuesday September 17, 2019
Home Lead Story Amazon to Clo...

Amazon to Close its Online Biz in China: Report

Meanwhile, Amazon shoppers in China will no longer be able to buy goods from third-party merchants in the country, but they still will be able to order from the US, Britain, Germany and Japan via the retail giant’s global store

0
//
Google , US, Alexa, Amazon, Drones, e-commerce
The logo of Amazon, online retailer is seen at the company logistics center in Lauwin-Planque, France. VOA

Retail giant Amazon will withdraw its domestic e-commerce marketplace business in China, effective from July 18, but will keep operating its other business sections, including Amazon Web Services, Kindle e-books and cross-border operations.

Facing stiff competition from local online marketplace operators, including Alibaba, JD.com as well as the fast-growing Pinduoduo, Amazon’s exit from e-commerce business would be the end of the company’s 15 years of journey into the China market.

Also Read- Russian Hackers Targeting European Embassies: Report

“We are notifying sellers that we will no longer operate a marketplace on Amazon.cn (the Chinese-language site) and we will no longer be providing seller services on Amazon.cn effective July 18,” the company was quoted as saying by the Financial Times late on Monday.

Agency data suggested that Alibaba owns 58.2 per cent of China’s e-commerce market in terms of sales, followed by JD.com’s 16.3 per cent and Pinduoduo’s 5.2 per cent, said a Sina report in July 2018, according to the ZDNet.

Amazon, online retailer, Drones
The Amazon warehouse in San Fernando de Henares is seen during a 3-day walkout to demand better wages and working conditions, on the outskirts of Madrid, Spain. VOA

Meanwhile, Amazon shoppers in China will no longer be able to buy goods from third-party merchants in the country, but they still will be able to order from the US, Britain, Germany and Japan via the retail giant’s global store. (IANS)

Next Story

OPPO to Launch ‘Oppo Reno Ace’ in China on October 10

Chinese smartphone manufacturer Oppo on Monday confirmed that its next flagship product, 'OPPO Reno Ace', would be launched in China on October 10

0
Oppo, smartphones, china, launch
Oppo launched its Oppo Reno2 series of smartphones in August. Wikimedia Commons

Chinese smartphone manufacturer Oppo on Monday confirmed that its next flagship product, ‘OPPO Reno Ace’, would be launched in China on October 10.

According to a recent Weibo post by the manufacturer, the device will have 65W fast-charging capabilities and it would be first smartphone to feature the world’s fastest fast charging technology, news portal GSMArena reported.

The device is also rumored to sports a 6.6inch FHD+ curved edge display with thin bezels with 90 Hz refresh rate, up to 100 per cent screen space and one can expect a pop-up or an under-screen camera selfie shooter.

Oppo, smartphones, china, launch
The handset, OPPO RENO 10X features a 6.6-inch notchless AMOLED display with rounded edges. IANS

The device will be powered by Snapdragon 855+ chipset, 12GB RAM, 256GB onboard storage, a 4,000mAh battery and it supports 5G connectivity.

ALSO READ: LG Looking to Revive its Tablet Business with ‘G Pad 5’

Other details about the smartphone’s specifications are currently under the wraps.

Meanwhile, Oppo launched its Oppo Reno2 series of smartphones in August which consists of Oppo Reno2, the Reno2 F and the Reno2 Z handsets. (IANS)