Alibaba announced on Friday that it will shut Tmall in Hong Kong on Oct. 30, 2022, after a one-year run. Alibaba launched the service in the city in May 2021, selling fresh produce and consumer products in collaboration with big-name brands such as Adidas. Tmall is Alibaba’s online retail platform selling major Chinese and global brands. The e-commerce giant said in an official announcement that it made the decision based on “business strategy adjustment” and will continue to provide payment and delivery services to local residents in Hong Kong via its Taobao Marketplace. [Caixin, in Chinese]

The feed has been updated with Alibaba’s official announcement.