Tuesday, August 26, 2014

Amazon sets up office in Shanghai FTZ

Amazon's logo in Chinese. (Source: China.org)
Global e-commerce giant Amazon has set up an office in the Shanghai Free Trade Zone.

The move is set to allow Chinese online shoppers to purchase cheap products directly from overseas, and boost Amazon's entry into the lucrative Chinese market which have been largely dominiated by domestic giants Alibaba and JD.com.

Diego Piacentini, senior vice president at Amazon.com said "Chinese consumers will be able to go to the Amazon global website and have access to the products in Chinese, so that's gonna be one opportunity. We are gonna have lower shipping charges, faster delivery, coming into this free trade zone, so there are gonna be many, many benefits."

The company is also establishing a logistics center in the zone, which Amazon said will reduce the cost and time of distributing goods in the country.

Amazon suggested Chinese consumers will get their orders in seven to ten days. The company has already been trialing its mailing system since the beginning of June.

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