Tencent's "First Line" Ji Zhenyu was sent from Silicon Valley on June 28
Amazon’s recent job postings reveal that this appliance giant may have further moves in China.
On the 19th of this month, Amazon released a post on its official website recruitment page. It recruited a project manager whose job was in Shenzhen, China, and its affiliate was Amazon Credit. In the job description, Amazon stated that it was looking for a "ldquo; Responsible for the end-to-end responsibility for the expansion of business and cooperation projects in China's new projects & rdquo;.
The position requires applicants to be fluent in both English and Chinese, and prioritized qualifications require relevant work experience in credit and customer service.
(Amazon's latest job postings in China)
At present, China is the world's largest e-commerce market. Last year, Chinese consumers spent a total of $1.1 trillion in online retail sales, more than twice the amount in the United States. However, due to the strong position of Chinese local e-commerce companies such as Alibaba and Jingdong, Amazon’s business in China has not made substantial breakthroughs over the years. Although it has been more than 10 years since its operations in China, according to some market research organizations, Amazon’s share of e-commerce in China is less than 2%.
Last week, Google, the search giant, invested 550 million U.S. dollars in shares in Jingdong, arousing Amazon’s vigilance. The microfinance business may be Amazon's way to reopen the Chinese market. Since 2011, Amazon has started to develop credit business with SMEs. In 2015, Amazon announced that it will expand this business project to China and 7 other countries, but In a statement two years ago, Amazon said at the time that it only issued small loans to small and medium-sized merchants in the United States, Japan, and the United Kingdom. The loan amount was between US$1,000 and US$750,000, and the total amount of loans had exceeded US$3 billion.
In addition to the credit business position, Amazon's recruitment in China also involves sales, software development, hardware development and other positions.