Amazon to Offer More Imported Good in China with Signing of a Deal
Although Amazon is a big name as far as U. S. is concerned but the online retail giant has not been able to penetrate the market that well in China. In the first quarter on the current year the company had only a 2.9 percent share of the online retail market of the country that deals with business to consumer.
It fell far behind local companies like Tmall. com site of Alibaba Group. The Chinese company had 48.4 percent share said Analysys International which is a research firm. In spite of that the company has survived in China for ten long years and have increased its logistics and delivers to 3000 cities and counties within the country.
Now Amazon. com desires to attract more Chinese consumers with a new agreement which will permit the e-commerce company from the U. S to get millions of products to China from its various international sites to the nation as imported goods.
On Wednesday in an announcement the China business of the company said that it will be signing an agreement to create its own "cross-border e-commerce platform" in the new free trade zone in Shanghai.
However the online retail company did not mention the date from which it is likely to start the operations in the free trade zone.
New Zealand News
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