Hong Kong’s online retail market has become too crowded for ecommerce giant Alibaba, which is closing its local Tmall site

Alibaba will shut down operations of Tmall Hong Kong on Oct 31, as the company sharpens its focus on cross-border ecommerce opportunities. That move comes as no surprise, according to analysts, because Hongkongers have plenty of online shopping platforms to choose from. — SCMP

Hong Kong’s ecommerce market has become too crowded for Alibaba Group Holding, according to analysts, as the Chinese internet retail giant moves to close its local Tmall platform at the end of October.

Tmall Hong Kong, which was set up last year as a dedicated shopping channel for merchants and consumers in the city on Taobao Marketplace, will shut down operations on Oct 31, according to a notice posted on the platform last Friday. It said Aug 21 will serve as the last day for customers to place orders, and that merchants must dispatch all orders before Aug 26.