Incorporated as “Cadabra” in 1994 by Jeff Bezos, the company went online the following year as It started as an online bookstore but soon diversified into DVDs, CDs, MP3 downloads, software, video games, electronics, apparel, furniture, food, toys, and jewellery. Apart from online retailing, Amazon also produces consumer electronics, notably the Amazon Kindle e-book reader and the Kindle Fire tablet computer, and provides cloud computing services.

BusinessChina Business

Amazon sells e-books on China site

PUBLISHED : Friday, 14 December, 2012, 12:00am
UPDATED : Friday, 14 December, 2012, 3:00am, the world's largest e-commerce company, has started selling e-books through its China site, a week after the company announced it was doing the same in Brazil.

Users can download Kindle software for free from the China website onto their iPhone, iPad or Android devices, which allows them to read Kindle e-books on those devices, according to information on the website.

The site does not indicate precisely when sales of e-books began and does not offer Kindle devices.

Amazon, which does not supply country-specific financial data, posted a 20 per cent gain in international sales in the third quarter, which included operations in Europe, China and Japan, the company said in October.

China is "a great long-term opportunity for us", Thomas Szkutak, Amazon's chief financial officer, said in October.

Steve Frazier, Amazon's vice-president for China retail operations, and Amazon's Kindle public relations department did not immediately respond to separate e-mailed requests for comment on the China Kindle store.

For Amazon, China is "a long-term opportunity, something that we've been investing in for several years", Szkutak said in October.

"You shouldn't be expecting high returns on invested capital in the short run, in that geography, but very exciting from a long-term perspective."


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