Shoppers will no longer be able to buy goods from other third-party Chinese sellers on Amazon, though they will still be able to buy from merchants overseas in the United States, the United Kingdom, Denmark and Japan through the company’s global marketplace. Amazon will close local fulfillment centres and wind down domestic sales within the next 90 days, according to sources who spoke to Reuters. (Reuters)

Talking point: Amazon has faced tough competition in China from rivals JD.com and Alibaba, and controls less than one per cent of the e-commerce market in the country. Amazon will still be able to focus its efforts on selling overseas goods and cloud services in China. This development reaffirms local e-commerce giants’ dominance, and gives Amazon the chance to focus on other emerging markets like India, where it still has a chance to compete. The close is expected to occur by mid-July, according to Reuters’ sources.