Amazon sets up office in Shanghai FTZ

Global e-commerce giant Amazon has set up an office in the Shanghai Free Trade Zone.

The move should allow Chinese online shoppers to purchase products directly from overseas.

Diego Piacentini is a senior vice president at Amazon.com.

"Chinese consumers will be able to go to the Amazon global website and have access to the products in Chinese, so that's gonna be one opportunity. We are gonna have lower shipping charges, faster delivery, coming into this free trade zone, so there are gonna be many, many benefits."

The company is also establishing a logistics center in the zone, which Amazon says will reduce the cost and time of distributing goods in the country.

Amazon suggests Chinese consumers will get their orders in seven to ten days.

The company has already been trialing its mailing system since the beginning of June.