Amazon.com said that from Thursday it will stop supplying retailers in China with its Kindle e-readers and will shut its Kindle e-bookstore in the country next year, the in latest pullback by a US tech firm from the restrictive Chinese market.
Amazon announced the decision on its official WeChat account on Thursday. It did not give a specific reason, but said it was adjusting the strategic focus of its operations and that its other business lines in China would continue.
For the latest headlines, follow our Google News channel online or via the app.
The Kindle China e-bookstore will stop selling ebooks from June 30 next year, it said, though customers will be able to continue downloading any purchased books for a year beyond that.
It will also remove the Kindle app from Chinese app stores in 2024, it added.
“We remain committed to our customers in China. As a globalbusiness, we periodically evaluate our offerings and make adjustments, wherever we operate,” a spokesperson for Amazon said in an emailed statement.
“With our portfolio of businesses in China, we will continue to innovate and invest where we can provide value to our customers.” The spokesperson declined to provide further comment on the decision.
Amazon’s remaining businesses in China include cross-border e-commerce, advertising and cloud services. It shut down its China online store in 2019.
Reuters reported in December last year on Amazon’s deep, decade-long effort to win favor in Beijing to protect and grow its business in China.
The report detailed how the Kindle business was one it had sought to expand in China, and cited an internal 2018 Amazon briefing document that said by the end of 2017, China had become Kindle’s largest global market, “accounting for 40 percent+ of our world device sales volume.”
Amazon joins a long line of Western internet companies, including Linkedin, Yahoo, and Airbnb Inc to have cut services in or retreated completely from China in recent months, amid government efforts to tighten control over online content and new laws targeting data sharing and customer privacy.
Canada bans China’s Huawei Technologies from 5G networksWireless carriers in Canada won’t be allowed to install Huawei equipment in their high-speed 5G networks, the Canadian government said Thursday, ... Technology
China deepens policy support for tech sector as coronavirus limits optionsCommunist Party leaders have doubled down on support to China’s tech sector in a rare meeting with executives, as Beijing changes its tack towards an ... Technology
China says US tech blacklist moves violate Biden-Xi consensusChina has slammed the US decision to add dozens of its companies to a trade blacklist, saying the move violated an understanding between leaders of ... Technology
China fines tech giants Alibaba, Tencent over anti-monopoly violationsChinese tech giants including Alibaba Group and Tencent Holdings were fined on Saturday for failing to report corporate acquisitions, adding to an ... Technology
Why are foreign tech companies pulling out of China?Yahoo Inc. is leaving the China market, suspending its services there as of Monday amid what it says is an “increasingly challenging” business and ... Technology
US intel warns China could dominate advanced technologiesUS officials are issuing new warnings about China’s ambitions in artificial intelligence and a range of advanced technologies that could eventually ... World News
China’s policy of curbing tech monopolies to continue, says Central Bank governorChina will continue to curb monopolistic behaviors of internet platform companies and strengthen the protection of consumer privacy and data security, ... Technology
China tech rally fizzles after report on tighter IPO listing rulesChinese technology shares dipped in the afternoon following a report by Dow Jones that China will propose new regulations to block companies with ... Technology