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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 250.24

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Nov 5 3:59 PM EST

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Glenn Petersen

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From: Sr K	6/2/2022 8:08:29 AM
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Amazon to Close Kindle Bookstore in China Move is latest withdrawal for a U.S. tech giant in China, as market declines for e-readers The Kindle dominates the market for e-reading devices in China but the overall size of the market has been in retreat.PHOTO: JAAP ARRIENS/ZUMA PRESS By Dan Strumpf June 2, 2022 7:20 am ET SHARE TEXT Listen to article (3 minutes) HONG KONG—Amazon Inc. is closing its Kindle digital bookstore in China and has halted sales of Kindle devices to retailers in the country in the latest retreat by a U.S. tech company there. Amazon said Thursday it will cease selling titles in China on its Kindle ebook shop on June 30, 2023, and customers will no longer be able to download already-purchased books a year later. The company said it has already halted sales of the device to third-party sellers and is offering refunds to anyone who bought a Kindle in China after Jan. 1. Excerpt.

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