
Amazon.com, Inc. (NASDAQ:AMZN) has announced the closure of its Kindle digital bookstore in China and ended sales of its Kindle devices in Chinese retail stores.
What Happened: The Wall Street Journal reported that China-based sales of titles on the Kindle eBook shop will cease on June 30. Customers will not be able to download eBooks that they’ve already purchased and Amazon plans to give refunds to Chinese consumers who purchased a Kindle this year.