Amazon to further invest in China
By Fan Feifei | China Daily | Updated: 2019-07-04 07:09
US retail giant to enhance speed of delivery, offer more global products in Chinese market
Retail behemoth Amazon.com Inc will continue to increase investments in its cross-border shopping business Amazon Global Store in China and is bullish on the prospects of this segment, although the United States-based tech giant is now facing increasingly fierce competition from local e-commerce rivals.
Somana Konganda, head of Amazon Global Store, said they have not set a limit for the investment amount in the Chinese market, emphasizing the company's focus on China's business has not changed.
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