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Netease to Close Online Luxury Mall

Sina Tech, 12/28/11

Chinese Internet firm Netease (Nasdaq: NTES) has announced that as of January 1, 2012, its subsidiary luxury goods B2C e-commerce site L.163.com will cease operations and the L.163.com domain name will discontinue service.

Netease stated that after-sales services will continue to be offered on all products sold on L.163.com, and products can be returned up until January 15, 2012.

Editor's Note: For more information on this topic, please see "Netease Launches Online Luxury Mall," MD 1/18/11 issue.

Keywords: Netease e-commerce Internet B2C NTES luxury L.163

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