Amazon will close the Chinese Market

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      Chinese consumers will not be able to buy goods from third-party domestic merchants through Amazon, but will still be able to buy goods from the United States, Britain, Denmark and Japan through Amazon's global stores. Amazon expects to close its distribution center in the next 90 days and gradually reduce its support for domestic retailers in China, a source said.
The plan highlights the fierce competition from local e-commerce in China, which makes Amazon's domestic market business difficult to gain a foothold. According to iResearch Global, a market research and consulting firm, Alibaba's Tianmao and JD.O. accounted for 81.9% of China's market share last year.
"They quit China because business is no longer profitable and growing," said Michael Pachter, an analyst at Wedbush Securities. "Domestic e-commerce in China has a huge advantage that Amazon can't match."
Amazon is still expanding substantially in other countries, mainly India. Amazon competes with Flipkart, a local company, for market dominance in India. Pachter said that China seems to be playing a less and less important role in the global goals of Google, owned by major US technology companies Amazon, Netflix (NFLX.O), Facebook Inc (FB.O) and Alphabet Inc (GOOGL.O).


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