HONG KONG -- Amazon is shutting down its AI Lab in Shanghai, the latest U.S. tech giant to retreat from China amid ongoing trade and tech tensions between the world's two largest economies.
US e-commerce titan has been gradually moving out of China

Amazon says it is cutting jobs in Shanghai due to a streamlining effort and not primarily because of AI. © Getty Images
HONG KONG -- Amazon is shutting down its AI Lab in Shanghai, the latest U.S. tech giant to retreat from China amid ongoing trade and tech tensions between the world's two largest economies.