In rare defeat, Amazon retreats from its China business [CBS News]
JD.com, Inc. - American Depositary Shares (JD)
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Source: CBS News
Amazon China: Retailer to shut down third-party marketplace in China - CBS News In rare defeat, Amazon retreats from its China business By Aimee Picchi Updated on: April 18, 2019 / 1:36 PM Amazon.com said it will no longer host a third-party online marketplace or provide seller services in China at its website Amazon.cn, a rare misfire for the retail behemoth. The retreat suggests the company wasn't able to gain a foothold in an online market dominated by Chinese rivals Alibaba and JD.com. Amazon said it would instead focus on selling to Chinese consumers through its global stores and its web and Kindle services. entered But Amazon's share of online sales never grew to match that of home-grown rivals like Alibaba, which accounts for 32 percent of China's online sales. By comparison, Amazon has 6 percent, the Wall Street Journal noted "We are notifying sellers we will no longer operate a marketplace on Amazon, which operates fulfillment centers in China, didn't specify what will happe
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JD
Earnings
- 3/6/24 - Beat
JD
Sec Filings
- 4/18/24 - Form 6-K
- 4/18/24 - Form 6-K
- 4/18/24 - Form 20-F
- JD's page on the SEC website