Sohu Closes its E-Commerce Service

From ShanghaiDaily:

"Sohu.com will shut down its e-commerce service on Tuesday and replace it with online retailer Joyo.com, the Website said earlier this week in a filing with New York's NASDAQ."

"The performance of e-commerce services offered by Internet portals has been lackluster because of competition from specialized Websites like eBay.com and Taobao.com, which are also currently engaged in fierce competition to gain market share."