Amazon China Denies It Is Being Sold

(Beijing) — Amazon China has denied a report circulating on Chinese social media that claimed the U.S.-based e-commerce company planned to sell its China operations.

An Amazon China representative told Caixin on Monday — one day after the claim was posted on the WeChat platform — that the company was not considering a sale of its China unit to LeEco, a Chinese company that produces televisions and online video content.