U. S. tech giant Amazon. com Inc said Thursday it has stopped supplying Chinese stores with its Kindle e-readers starting in the first place and will discontinue its Kindle e-book store in the Chinese market on June 30, 2023.
The company said on its official WeChat account that Chinese consumers can continue to download all purchased e-books until June 30, 2024. “For consumers who no longer want to use their device, we offer an optional refund if they purchase a Kindle after January 1, 2022. “
In addition, consumers won’t be able to download the Kindle app from Chinese retail app stores starting June 30 next year.
“We remain committed to our consumers in China. As a global company, we periodically compare our offerings and make changes wherever we operate,” he said. “With our portfolio of corporations in China, we will continue to innovate and invest where we can. “offer price to our consumers, adding Amazon Global Selling, Amazon Global Store, Amazon Advertising, Amazon Global Logistics, Amazon Devices and Services Asia and Amazon Web Services. “
Amazon shut down its third-party distributor on its Chinese online marketplace in July 2019 and shifted its business to cross-border e-commerce and cloud computing in China.
The Commerce Ministry said at a regular press conference on Thursday that Amazon’s latest resolution is a common phenomenon in a market economy, given that all market entities, adding foreign-invested companies, adjust their products and according to market development.
The ministry said China remains enthusiastic about foreign investment. In the first four months of the year, the country used 478. 6 billion yuan ($71. 7 billion) of foreign capital, which looks like a 20. 5 percent expansion from the same time last year.
The ministry also said China welcomes corporations from around the world to further increase their investment and bring new products, enterprises and make them competitive to the Chinese market.