Clete Willems, former international member of the National Economic Council, offers insights into relations with China on “Kudlow”.
Amazon will stop supplying Chinese resellers with its Kindle e-book readers starting Thursday and will cease operating its Kindle e-book store in the country on June 30, 2023.
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Chinese users can download the Kindle app and previously purchased eBooks until June 30, 2024. Amazon advises that customers can continue to read downloaded eBooks on their Kindle eBook reader and that eBooks and personal documents stored on Kindle devices are unaffected.
The sign of e-commerce website Amazon China is seen next to a Kindle e-reader displayed in this December 15, 2021 illustration. (REUTERS/Florence Lo/Illustration / Reuters Photos)
Customers who no longer wish to use their Kindle devices have the option of a refund if they purchased an eligible Kindle after January 1, 2022.
| ticker | security | Last | change | change % |
|---|---|---|---|---|
| AMZN | AMAZON.COM INC. | 2,510.22 | +76.54 | +3.15% |
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The announcement, first posted on Kindle’s Weibo account, comes as other Western companies have suspended their services in China or pulled out of China entirely as the government seeks to tighten control over online content and new ones Data sharing and customer privacy laws have been introduced.
| ticker | security | Last | change | change % |
|---|---|---|---|---|
| ABNB | AIRBNB INC. | 121.26 | +4.54 | +3.89% |
| MSFT | microsoft corp | 274.58 | +2.16 | +0.79% |
On Tuesday, Airbnb said it would stop representing short-term rental properties in China and focus its business in the country on serving Chinese tourists looking for accommodation abroad.
“We have made the difficult decision to refocus our efforts in China on outbound travel and to suspend our accommodations and host experiences in China effective July 30, 2022,” said Nathan Blecharczyk, Airbnb China’s chief strategy officer, in a statement in the social media account.
Last year, Microsoft-owned LinkedIn announced it was shutting down its on-premises version in China after facing a “significantly more challenging operating environment and increased compliance needs.” The service has been replaced by InJobs, a standalone application for Chinese users, a social feed or the ability to share posts or articles.
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“We remain committed to our customers in China,” an Amazon spokesman told FOX Business. “As a global company, we regularly evaluate our offerings and make adjustments wherever we operate. With our portfolio of companies in China, we will continue to innovate and invest where we can add value to our customers.”
The China business includes Amazon’s cross-border e-commerce business, Amazon Global Store, Amazon Advertising, Amazon Global Logistics, Amazon Devices and Services Asia and Amazon Web Services. In 2019, Amazon closed its local online marketplace in China.
Reuters and Associated Press contributed to this report.