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Thursday 18 April 2019

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Facing entrenched rivals, Amazon to shut China online store

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The move underscores how entrenched, home-grown e-commerce rivals have made it difficult for Amazon's marketplace to gain traction in China. Consumer research firm iResearch Global said Alibaba Group Holding's Tmall marketplace and JD.com controlled 82 per cent of the Chinese e-commerce market last year.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2VRwzC5
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