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Discussion :: Business - Latest Current Affairs (Q.No.310)

310. 

Who plans to close down its retail operations in China?

[A]. Sunsky
[B]. Ali Express
[C]. Tmart
[D]. Amazon

Answer: Option D

Explanation:

Amazon plans to close down online retail operations in China, admitting defeat to local e-commerce rivals such as Alibaba and JD.com. They will continue other operations in China such as Amazon Web Services (AWS). Kindle e-books and teams that help ship goods from Chinese merchants to customers abroad. Amazon entered China in 2004, when it acquired a local online book seller for USD 75 million. They launched its Prime membership programme in China in 2016 with aim to lure customers with high-quality Western goods and perks like free international deliveries.

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