Taobao’s first physical shop in Hong Kong to close after lease ends in October: sources

Taobao Hong Kong’s first furniture showroom will close its doors at a Tsim Sha Tsui mall when its lease expires in October, according to multiple people familiar with the matter, ending the retailer’s first offline furniture venture in the city after less than two years. The move means Taobao Hong Kong and its partner, local home repair platform Papabo, will give up their first physical shop at a prime location in Kowloon despite earlier plans to expand with a larger store in Causeway Bay. The...