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Amazon to shut down Chinese marketplace

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Amazon has given up on the battle with Chinese e-commerce giants.

The company announced plans to shut down its Chinese marketplace, Amazon.cn.

“We are working closely with our sellers to ensure a smooth transition and to continue to deliver the best customer experience possible,” an Amazon spokesperson told TechCrunch.

Alibaba and JD.com dominate in the Chinese market.

Read more from TechCrunch.

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