Dmonstudio, a Shein-like shopping website reportedly owned by ByteDance, announced that it would close on Feb. 11 and is now inaccessible. The site operated for just three months since registering on Nov. 3, last year. Dmonstudio sold fashionable women’s clothing at bargain prices, and its products were deliverable to 100 countries worldwide. ByteDance, the parent company of TikTok, has increasingly expanded its business to cover e-commerce and released a global e-commerce platform called Fanno by the end of 2021. [SCMP]
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