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Amazon is pulling the plug on its domestic business in China after it was soundly beaten by Alibaba

7 days ago   |   By Business Insider

Amazon is closing its domestic business in China, people familiar with the matter told Reuters.
Fulfillment centers will close, and third-party seller partnerships will be discontinued.
The company will instead focus on selling Chinese goods elsewhere and digital services and Kindles to consumers in China.
China is home to Alibaba and its many websites that are popular with Chinese consumers.
Amazon.com Inc plans to close its domestic marketplace business in China by mid-July, people familiar with the matter told Reuters on Wednesday, focusing efforts on its more lucrative businesses...
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