07:54 AM EDT, 07/03/2024 (MT Newswires) -- (Updates with Microsoft's ( MSFT ) response in the fourth paragraph.)

Microsoft ( MSFT ) is consolidating its retail channels in mainland China, Reuters reported Tuesday, citing the US software giant.

Microsoft ( MSFT ) said its products will still be available in mainland China through retail partners and its own website, the report said.

The company's statement came in response to media reports that it is closing its network of authorized physical retailers in China.

"Microsoft ( MSFT ) continually assesses its retail strategy to meet the evolving needs of our valued customers and we've made the decision to focus our channel approach in Mainland China," a Microsoft ( MSFT ) spokesperson told MT Newswires in an email. "Customers will still have access to the full breadth of our consumer products and services through retail partners and Microsoft.com."

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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