NEW YORK (TheStreet) -- Amazon.com (AMZN) - Get Reporttoday began offering its Amazon Prime two-day delivery membership service in China.

Chinese Amazon Prime members can get unlimited free domestic shipping on orders of any size, as well as unlimited free cross-border shipping on orders over 200 yuan, or $29.50.

The Chinese service won't include access to digital content, according to Bloomberg.

The service will cost an introductory price of 188 yuan for the first year, or $28. After February 2017, new subscribers will pay 388 yuan for a yearly membership, or $57.

In the U.S. an Amazon Prime subscription costs $99 per year or $10.99 for a monthly subscription.

The move to expand into China puts Amazon.com into more direct competition with Chinese e-commerce company Alibaba (BABA) and discount online retailer JD.com (JD), the Wall Street Journal notes.

With the roll-out in China, Amazon Prime is now available in 12 countries worldwide.

Additionally, the Seattle-based e-commerce retailer reported lower-than-anticipated 2016 third quarter earnings late yesterday.

Shares of Amazon.com were sliding in mid-morning trading.

(Amazon.com is held in the Growth Seeker portfolio. See all of the holdings with a free trial).

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

TheStreet Ratings rated this stock as a "buy" with a ratings score of B-.

The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, expanding profit margins and good cash flow from operations. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

You can view the full analysis from the report here: AMZN

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