Amazon is setting up shop in Shanghai’s free-trade zone

Amazon.com is hoping to attract more consumers from China, with a new agreement that will let the U.S. e-commerce company bring millions of products from its international sites to the country as imported goods. The company’s China business made the announcement on Wednesday, with the signing of an agreement to establish its own “cross-border e-commerce platform” in Shanghai’s new free trade zone. Amazon’s imported goods will be shipped to and stored at the free trade zone, where the company plans to build a logistics and warehouse center, it said in a statement. In addition, the U.S. e-commerce giant wants to help local Chinese businesses export their goods to Amazon’s international customers via the trade zone.