Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- Amazon.Com, Inc (NASDAQ:AMZN) looks to close its official app store in China on July 17, following plans to shut down its Kindle e-book service in 2022.
- The company also prepared to discontinue its Amazon Appstore, launched in 2011 as an alternative to Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google for Android phone users to install apps and games, SCMP reports. The company did not provide any reason for the closure.
- Also Read: Microsoft's LinkedIn Slashes 716 Jobs Under Its China Strategy
- However, its official shopping site Amazon.cn, and other services like Amazon Global Selling, Amazon Global Store, and cloud unit Amazon Web Services (AWS) will remain operational.
- China's data and privacy regulations and fierce competition from local players made it difficult for foreign businesses to operate in the leading internet service market.
- However, Amazon's Appstore, operating since 2011, can still be used in mainland China without a VPN, unlike banned U.S. apps like Meta Platforms Inc (NASDAQ:META) Facebook, and Twitter Inc.
- Amazon trailed in popularity among all e-commerce platforms in China, far behind the top three Alibaba Group Holding Limited's (NYSE:BABA) Taobao, JD.Com, Inc (NASDAQ:JD), and short video app Douyin.
- Price Action: AMZN shares traded lower by 0.25% at $115.46 premarket on the last check Thursday.
- Photo by Body Stock and Dragon Claws via Shutterstock
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!