Taobao Taiwan issued an announcement yesterday (October 15) stating that it would cease operations by the end of the year. The company citied uncertainty in the current market environment for the reason of their closure.
However, the Alibaba Group will continue their operations in Taiwan.
“Operations in the Taiwan market are business as usual, and we will continue to serve consumers in the Taiwan market through mobile Taobao so that they can purchase high-quality goods.”
A statement from Alibaba Group
Taiwanese people responded online that this decision has little effect on them as they can still buy goods from the mainland. However, the closure of Taobao Taiwan will result in job losses.
Read more about Taobao:
- Alibaba to launch offline “one RMB” stores
- Taobao’s livestreaming sales exceed 300 billion RMB in a year
- Douyin (Chinese TikTok) and Taobao renew advertising cooperation
