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The China branch of US-based tech company Amazon.com Inc said on Wednesday that the suspension of Amazon's Appstore services will not affect any of the company's business operations in China, including Amazon Global Store, Amazon Global Selling and Amazon's official website in China, Amazon.cn.
Amazon is set to close its official app store in China, marking another step back from the Chinese market for the US tech giant. The closure comes after
Chinese consumers have shown vibrant purchasing power for exquisite and premium consumer goods, with their spending on imported and foreign-branded products becoming a key driver for upgraded consumption, according to industry insiders.
US tech company Amazon is looking to further cash in on the Black Friday shopping carnival from Chinese buyers, as young consumers in China have shown vibrant purchasing power for diversified and personalized overseas products via cross-border e-commerce platforms, industry experts said.
The e-commerce giant is setting up a bonded warehouse in Ningbo, which it estimates will cut shipping times by four to five days, amid an explosion in cross-border e-commerce.