Amazon (NASDAQ: AMZN) says it will be shutting down its Kindle e-book store in China, as U.S. tech giants begin to exit the market. According to the company, the digital bookstore will officially stop operating on June 30, 2023.
The company says it will offer refunds for its Chinese customers that purchased a Kindle this year. Customers will not be able to download books they have already purchased a year after the set date.
The change comes as foreign technology companies have begun to pull out or reduce operations in China amid a strict data privacy law that dictates how companies gather and store data.
Nevertheless, Amazon says that its other businesses will continue to run in China.
“Amazon China’s long-term commitment to customers will not change,” the post said. “We have established a broad business base in China and will continue to innovate and invest.”
“As a global business, Amazon is focused on delivering valuable products and services to customers through innovation. At the same time, we continue to adjust the strategic focus of our own business and continue to make efforts in the areas that customers need,” the company said in another statement posted on its official Weibo account.
Nevertheless, the tech giant made it clear that it had e-commerce efforts in China, as well as its Cloud computing technologies and services. Moreover, the company emphasized that it has 10,000 employees within the country, along with 12 offices located in Beijing, Shanghai, Hangzhou, and Shenzhen.