China Will Lose Ability To Access Amazon's Kindle E-Book Store From 2023

  • Amazon.com, Inc AMZN looks to cease operating its Kindle e-book store in China from the end of June 2023, Reuters reports based on the e-commerce giant's official WeChat account.
  • China's customers will no longer be able to purchase new e-books from June 2023 for reasons undisclosed.
  • Also Read: Microsoft Brings Down Curtains On LinkedIn China
  • Amazon would also stop supplying resellers with its Kindle reader, effective immediately.
  • China had previously banned outspoken business leaders from social media sites. 
  • Companies like Microsoft Corp MSFT and Intel Corp INTC also had gone softer in their approach toward China.
  • Price Action: AMZN shares closed higher by 1.23% at $2,433.68 on Wednesday.
  • Photo via Wikimedia Commons
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: GovernmentNewsRegulationsTechMediaBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!