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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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The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

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