• About
  • Contact
Tuesday, January 19, 2021
Next Big Brand
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Agency
  • Industries
  • FMCG
  • Automobile
  • Retail
  • Tech
  • Case Study
  • Interview
No Result
View All Result
Next Big Brand
Home Internet

Amazon about to stall their Chinese e-commerce business in July

Sourav by Sourav
May 20, 2019
in Internet, New posts, Retail
2 min read
0
Amazon logo
Share on FacebookShare on Twitter

In a major setback to the biggest e-commerce platform, Amazon is planning to stop its e-commerce business in China from July. Instead, it wants to shift its focus on providing the mainland consumers top quality overseas goods from around the world. This means that they will not be selling goods from the local traders or sellers anymore. This surely is a huge blow to Amazon but its CEO, Jeff Bezos, is known to be a businessperson who takes a few losses in order to make huge gains in the long run.

Amazon intends to continue its business with its other platforms like Amazon Web Services and Kindle E-books. Through Amazon’s online e-commerce platform, local consumers can get goods from around the world and they will also allow Chinese sellers to sell their goods to the outside world.

Amazon China
Image courtesy: Amazon.com

Amazon got into China by acquiring a Chinese online books portal for $75 Million back in 2004. It is from here that Amazon expanded its business in the biggest retail market in the world. It built innumerable warehouses and data centers across the country to aid their expansion. They even came up with multiple programs to teach the local Chinese sellers how to connect to their online platform. However, all of it is coming to an end with them ending their operations in just over two months. This is another example of an American company failing to capitalize on the Chinese market. This failure has been credited to the local e-commerce platforms like Alibaba and JD, who have captured the Chinese market significantly, leaving no space for even big players like Amazon. According to iResearch, Amazon has less than 1% market share in China, which justifies it pulling out of the e-commerce business in the country.

Many analysts believe that Amazon has pulled out of China to focus on the equally good Indian market. Amazon has invested billions of dollars in the Indian e-commerce market, ever since it started its portal in 2013. If it plays its cards right, Amazon does have the capability to be the biggest e-commerce platform in India, overthrowing Flipkart from the top. Amazon also has to vary of other platforms like Alibaba as well, as they too are setting up base in India. Alibaba has already started investing in local startups like Paytm and BigBasket to create a footprint in India.

Amazon currently has more than 50 warehouses in India to aid their operations in the second largest retail market in the world. With Flipkart in a bit of trouble with its ownership, it is the right time to hit the bull’s eye for Amazon to trump their direct rival. Anyway, it would be interesting to see how the move of stopping their e-commerce business in China impacts the other variables in the near future.

Previous Post

Reliance Retail’s next big target – Hamleys

Next Post

Four Indian Jewellers and Titan among the Top 100 luxury companies in the world

Sourav

Sourav

Excellent story-teller, with a background in SEO and Digital Marketing. Likes to write and give form to opinion and incidents.

Related Posts

Jeff Bezos and Elon Musk Increased their Net Worth by $217 Billion in Pandemic Year
New posts

Jeff Bezos and Elon Musk Increased their Net Worth by $217 Billion in Pandemic Year

January 4, 2021
Bewakoof: Entrepreneurship Journey of two IITians to Leading Quirky Fashion Apparels
Case Study

Bewakoof: Entrepreneurship Journey of two IITians to Leading Quirky Fashion Apparels

December 28, 2020
How Ed-Tech Startups Took benefit of Pandemic
Case Study

How Ed-Tech Startups Took benefit of Pandemic

December 25, 2020
Postman: Journey of a Side Project to the Leading API Platform
Case Study

Postman: Journey of a Side Project to the Leading API Platform

December 24, 2020
Da Milano: Growing in Fashion Market with Affordable Price
Case Study

Da Milano: Growing in Fashion Market with Affordable Price

December 22, 2020
future amazon-retail-next-big-brand
News

Delhi High Court Refuses To Restrain Amazon From Writing To Authorities

December 21, 2020
Next Post
TBZ logo

Four Indian Jewellers and Titan among the Top 100 luxury companies in the world

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RECOMMENDED NEWS

BCCI Ropes In MPL Sports As Kit Sponsor For Indian Cricket Team In A 3 Year Deal

BCCI Ropes In MPL Sports As Kit Sponsor For Indian Cricket Team In A 3 Year Deal

3 months ago
TikTok Ban Highest Grossing App Security Flaws Popularity- next big Brand

TikTok Becomes The Top App Downloaded In India During Lockdown

9 months ago
YES Bank Banking- Next Big Brand

YES Bank Is All Set To Resume All Banking Services From March 18

10 months ago
mcaffeine brand- Next Big Brand

mCaffeine – A Brand With Youth & Caffeine At Their Heart

4 months ago

FOLLOW US

  • 22.3k Fans

BROWSE BY TOPICS

2018 League amazon Amazon Great Indian Sale Amazon Prime Apple Apple Inc Automobile Industry Balinese Culture Bali United Budget Travel Champions League Chopper Bike Doctor Terawan facebook Facebook app future group hotstar Indian OTT Platforms Indian Smartphone Market Istana Negara Jio Market Stories Maruti Suzuki National Exam Netflix Netflix India Netflix Originals oppo OTT OYO Realme Reliance Industries Limited Reliance Jio RIL Samsung Tata Motors Tiktok TikTok India TikTok Videos Visit Bali Vivo whatsapp Xiaomi Xiaomi India YouTube
Next Big Brand

We Talk About Brands

Follow us on social media:

Recent News

  • Agri-Tech Start-Up DeHaat Raises $30 Million of Funding in the Series C Round
  • Hike Messaging App Shuts Down: Vanishes from Play Store and App Store
  • Cure.fit Empowers its US Operations with Onyx Acquisition

Instagram

Follow Me!

Latest News

Agri-Tech Start-Up DeHaat Raises $30 Million of Funding in the Series C Round

Agri-Tech Start-Up DeHaat Raises $30 Million of Funding in the Series C Round

January 19, 2021
Hike Messaging App Shuts Down: Vanishes from Play Store and App Store

Hike Messaging App Shuts Down: Vanishes from Play Store and App Store

January 19, 2021
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Agency
  • Industries
  • FMCG
  • Automobile
  • Retail
  • Tech
  • Case Study
  • Interview

© 2019 NBB. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.