Amazon will shut its Kindle e-bookstore in China on June 30, 2023. The company couldn't compete with local players, Bloomberg reported.
The company promised to continue supporting Kindle readers or refund any device purchases made after January this year.
Despite recent increased pressure from Chinese regulators, Amazon said, the withdrawal was not due to government pressure or censorship. The decision was part of a periodic re-evaluation of its offerings around the world.
Amazon's remaining businesses in China include cross-border e-commerce, advertising and cloud services. It shut down its China online store in 2019, unable to compete with Alibaba and JD.com.
