Alibaba announced on Friday that it will shut Tmall, the company’s online retail platform selling major Chinese and global brands, 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. The e-commerce giant did not give a reason for its pullback from the market, but said that it will continue to provide payment and delivery services to local residents in Hong Kong via its Taobao Marketplace. [Caixin, in Chinese]