Business / Companies

JD to shut down C2C business

By Meng Jing ( Updated: 2015-11-10 17:04

JD to shut down C2C business

An advertisement for e-commerce retailer Inc in Shanghai. [Photo/China Daily]

China's e-commerce giant Inc said on Tuesday that it would shut down its customer-to-customer business as of April 1, 2016 due to the challenge of cracking down on fake goods online.

The Beijing-based company, with the majority of its business coming from selling branded products directly to consumers, said it will stop the operation of its C2C site and will transfer the site's team to other business units of said the decision will no doubt hurt the group's sales to some extent but the C2C model, which allows any individuals to sell online, is difficult to monitor. was part of Tencent Holdings Ltd's e-commerce business and was taken over by early last year in a deal that gave Tencent a 15 percent stake in JD.

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