According to technology media The Information, e-commerce giant Amazon (AMZN) is preparing to launch a new low-cost storefront and impose strict price restrictions on merchants' products.
According to reports, a merchant provided information showing that 700 products were included in the "price limit list", including jewelry priced at $8 (about RMB 57), guitars priced at $13 (about RMB 93), and sofas priced at $20 (RMB 143).
Amazon plans to ship directly from Guangdong, China to American customers, and the fulfillment fees for products sold through low-priced stores will be significantly lower than those shipped domestically in the United States.