- 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
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