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#China's Annual Shopping Frenzy Shatters Another Record: #Alibaba Singles' Day Smashes $25 Billion Sales Record

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Amazon is shutting down its China marketplace business. Here’s why it has struggled

Queenie Liao, an office worker in Guangzhou, #China, shops online several times a week. #Alibaba’s Taobao and JD.com are her go-to platforms, but it wasn’t always that way. “I used to use Amazon a few years ago. Amazon was one of the first online shops in China and a lot of friends told me that the things from Amazon were much more trustable. That’s why I used it, ” Liao said. “Taobao and JD have more items now.”

Her shift in attitude underscores one of the major reasons why #Amazon is thought to be struggling in China. The #US e-commerce giant now plans to close its domestic marketplace business in China. “We are notifying sellers we will no longer operate a marketplace on Amazon.cn and we will no longer be providing seller services on Amazon.cn effective July 18,” the company said in a statement, referring to its Chinese-language site.