China Exports Beat July Forecasts as AI Demand Fuels High-Tech Trade 
Asian Stocks Mixed as Chip Selloff Hits KOSPI, Nikkei Ahead of US Jobs Data 
Iran-Oman Near Strait of Hormuz Deal as Shipping Tensions Persist 
UOB Q2 Net Profit Rises 10% as Wealth Management Growth Boosts Earnings 
Nvidia Seen Beating Q2 Targets as Vera Rubin Cycle Begins 
SK Hynix, Samsung Lead Asian Chip Stock Selloff After Sandisk, Western Digital Outlook 
US Job Growth Seen Picking Up in July 
Berkshire Hathaway Cash Falls as Abel Boosts Stock Buybacks 
Cloudflare Stock Jumps 15% as Earnings Beat Estimates, 2026 Outlook Raised 
Shein Scales Back Vietnam Operations as US Trade Rules Shift 
US Stock Futures Rise as Markets Await July Payrolls Data 
BOJ Signals Faster Rate Hikes as Inflation Risks Raise September Move Odds 
China Trade Surplus Beats Forecasts in July as Exports Stay Strong 
DeepSeek to Raise AI API Prices as Demand for New Models Surges 
Moderna Wins FDA Approval for mFLUSIVA mRNA Flu Vaccine for Adults 50+ 
Amazon runs a Kindle store in China, and people usually buy their e-books here. However, the American tech and e-commerce firm stated on Thursday, June 2, that it would close down the e-bookstore.
According to Reuters, Amazon will no longer operate its Kindle store in China, and it will only be open until June 30, 2023. From this date, Chinese customers will not be able to buy new e-books.
Amazon will also totally stop supplying resellers with its Kindle reader, and this will be immediately in effect. The company did not provide any reason for the decision, and it only announced the pullout through its official WeChat account, which is widely used in China.
CNBC noted that Amazon’s shut down of its Kindle e-book store in China is the latest exit by an American tech company in the Chinese market. The company confirmed that it has already stopped furnishing third-party sellers with its Kindle devices, although some of the units are still up for sale on Amazon’s official store at JD.com, a Chinese e-commerce company headquartered in Beijing.
Chinese customers who previously bought e-books from Amazon’s Kindle store will still be able to redeem or download their purchases until June 30, 2024. These e-books will also be available and readable even after the end of the downloading date.
Then again, while Amazon is removing its Kindle store, it said that it is not completely pulling out its business in China. Jeff Bezos’ company said that it will still continue to operate some of its existing businesses in the country, including its logistics, devices, and ads.
“Amazon’s long-term development commitment in China will not change,” the firm said in a separate post on Weibo, another popular Chinese social media platform. “We have established an extensive business base in China and will continue to innovate and invest.”
In any case, Amazon started selling its Kindle e-readers in the country in 2013. The device quickly became popular among the Chinese, and it eventually became an important Amazon item in the device and tech market.
