The sale of fake and counterfeit goods in China has finally ended the services of a major online shopping service.
Chinese B2C e-commerce operator JD.com announced that they will stop services at Paipai.com on December 31, 2015, and after a three-month transition period the website will be completely shut down by April 1, 2016.
Paipai.com already stopped accepting new vendors, and JD.com said that according to the platform service agreement between Paipai.com and current vendors, the store services provided by the website will end on December 31, 2015, and will not be renewed. The team at Paipai.com will merge into other units of the e-commerce group to focus on innovative businesses such as mobile social e-commerce.
The major reason for closing Paipai.com is the unsolvable problem of fake goods. The company said the C2C model does not require industrial and commercial registration of individual sellers, which leads to ineffective supervision and illegal sales of counterfeit goods.
Paipai.com, originally owned by Tencent, was integrated into JD.com in 2014 when JD and Tencent reached an e-commerce strategic cooperation.
COL Group International's vertical drama platform transforms fragmented attention into immersive storytelling experiences A glimpse…
A glimpse into the production from our hit series, "99 Charms, 99 Heartbreaks", available on…
The Ichigo Sando, Japan's celebrated sweet sandwich, has made its way to Mallorca, now available…
The last Singaporean to win gold was Hui Peng Seng at the 1965 Games, then…
Chinese beverage entrepreneurs are making a foray into the U.S. market, attempting to capture the…
Who: Singaporean singer-actress Estelle Fly, 33, is one of the artistes performing at the Mediacorp…