Amazon.com has signalled its intent to expand in China by setting up in the Shanghai free trade zone.<br /><br />With the move it can take advantage of more relaxed import and export regulations than exist elsewhere in the country. <br /><br />China’s e-commerce market is dominated by the two big players there – Alibaba and JD.com.<br /><br />The US online retailer said as well as selling in China it will also help Chinese companies to export their products to buyers in other countries<br /><br />The Shanghai free trade zone – opened in September 2013 – has been slow to take off with overseas businesses citing a lack of clarity on what will and will not be allowed there.<br /><br />It was hailed as one of China’s boldest reforms in decades, but there ha been a lack of specific policy details since the initial fanfare.<br /><br />Losses persist<br /><br />Amazon’s persistent expansion has come at a cost, leaving the company with a $126 million net loss in the second quarter, up from a loss of $7 million in the same period last year. <br /><br />It also forecast an operating loss of between $810 million and $410 million for the third quarter to Sept. 30, up from a $25 million loss a year ago.<br /><br />with Reuters
