Pioneering e-reader has lost market share to local rivals
HONG KONG — Amazon.com said on Thursday that it has stopped supplying vendors in China with its Kindle e-readers and will halt e-book sales in the country in a year’s time, becoming the latest U.S. technology group to pull back from Asia’s largest economy.
“Amazon China’s long-term commitment to customers will not change,” the company said in a statement on its WeChat social media account, without elaborating on the reason for its retreat.
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