[June 04, 2013] Alibaba to Shut Down Japanese Website Tweet HANGZHOU, Jun 04, 2013 (SinoCast Daily Business Beat via COMTEX) -- Alibaba Group told media that it will shut down Japanese website on November 30, 2013, in consideration of business adjustment and resource consolidation. In the future, local business will be integrated into its international website. The leading e-commerce service provider noted that the shutdown does not represent abandoning Japanese market, but for better interior restructuring. Within one year after being launched, the Japanese website has lured investment of JPY 2 billion and recorded 120,000 members, leapfrogging to the number one local B2B website. Source: www.163.com (June 04, 2013) [ Back To TMCnet.com's Homepage ]