Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account In 2019, the company closed down its online local marketplace in China, meaning that customers were no longer able to buy goods from Chinese vendors. Since then, it has enjoyed limited success in the vast market. The site is intended to serve less as a personalized professional networking service that allows users to share messages and online posts, and more as a traditional careers portal.Īmazon first entered mainland China in 2004 by acquiring, a major online seller of books, music and videos in the country. (MSFT), decided to introduce an all-new, even more localized service, called InJobs. The platform, which is owned by Microsoft Last October, LinkedIn said that it would shut down the local version of its platform in China, citing a “significantly more challenging operating environment” and compliance hurdles. iStock/Getty ImagesĪirbnb is closing its listings business in China London, UK - July 31, 2018: The buttons of the travel app Airbnb, surrounded by Amazon, ebay, News and other apps on the screen of an iPhone.

Starting this summer, guests will no longer be able to make bookings in China. Last week, Airbnb ( ABNB) announced that it would take down all its listings in the country and concentrate instead on outbound travelers, saying that it had incurred mounting costs that were made worse by Covid-19. The move adds to a series of corporate withdrawals from China in recent months. “We have established an extensive business foundation in China and will continue to innovate and invest.” “Amazon China’s long-term commitment to customers will not change,” the Seattle-based firm said in a statement. (AMZN) also said it would stop supplying Kindle devices to retailers starting Thursday. The company announced Thursday that starting July 2023, Kindle users will not be able to buy online books in the country.Įxisting customers will be able to download previously purchased titles until June 2024. Amazon is shutting down its Kindle bookstore in China, marking another retreat by a Western tech giant in the world’s second biggest economy.