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Amazon.com Inc. is checking out of China’s fiercely competitive domestic e-commerce market. The comp...
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Amazon.com Inc. is checking out of China’s fiercely competitive domestic e-commerce market. The company told sellers on Thursday that it would no longer ______ its third - party online marketplace or provide seller services on its Chinese website, Amazon.cn. ________,domestic companies will no longer be able to sell products to Chinese consumers on its e-commerce platform.
The decision marks an end to a long ________ by America’s e-commerce giants in the Chinese market. The firms entered the Chinese market with great attention in the early 2000s, only to ________ in the face of competition from China’s faster - moving Internet giants.
Amazon has been in talks to ________ its e-commerce business for goods imported into China with a Chinese competitor, NetEase Inc.’s Kaola, in a stock - for - stock transaction(交易), according to a person familiar with the matter. That would remove the Amazon name from ________ e-commerce in China. Neither company would confirm the progress or details of those ________, nor would they say if they are continuing.
In a written statement, Amazon said it remained ________ to China through its global stores, Kindle businesses and web services. Amazon China’s president would leave to take on another role within the company, the company said. The China consumer - business team will report ________ to the company’s global team.
When Amazon first entered China in 2004 with the _________ of Joyo.com, it was the largest online seller for books, music and video there. Most Chinese consumers were using cash - on - delivery as their to form of ________. Today, Amazon China chiefly caters to customers looking for imported international goods such as cosmetics and milk powder and is a(n) ________ player in the booming Chinese e-commerce market.
Amazon China commanded just 6% of gross market volume in the niche(细分的)cross - border e-commerce market in the fourth quarter of 2018, versus NetEase Kaola’s 25% ________ and the 32% held by Alibaba Group Holding Ltd.’s Tmall International
Chinese consumers are becoming more fascinated with ________ brands. In 2011, 85% of Chinese consumers said they would always buy a foreign brand over a domestic one. By 2016, 60% of respondents said they preferred domestic over foreign brands. Shaun Rein, China Market research’s founder, said American e-commerce giants ________ obstacles in China because they didn’t offered the products or user experience that consumers were looking for.
1.A.assist B.expand C.operate D.tailor
2.A.As a result B.By contrast C.For example D.In addition
3.A.criticism B.negotiation C.struggle D.resolution
4.A.interact B.withdraw C.split D.survive
5.A.associate B.combine C.exchange D.supply
6.A.time - consuming B.long - suffering C.ever - lasting D.consumer - facing
7.A.talks B.businesses C.competitions D.instructions
8.A.related B.accustomed C.exposed D.committed
9.A.automatically B.directly C.regularly D.secretly
10.A.breakdown B.improvement C.purchase D.participation
11.A.refund B.payment C.sponsorship D.trade
12.A.complicated B.critical C.original D.insignificant
13.A.share B.budget C.volume D.maximum
14.A.foreign B.luxurious C.domestic D.fashionable
15.A.dealt with B.forgot about C.got through D.came across
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