The company announced it would close one third of its bookstores the next year as more people chose to read e-books.

该公司宣布，由于越来越多的人选择阅读电子书，明年将关闭三分之一的书店。

youdao

The company is located in the "capital of Chinese e-commerce" – Hangzhou, close to the beautiful scenery of the Xixi Wetland.

公司坐落在“中国电子商务之都”——杭州，紧邻风景秀美的西溪湿地。

youdao

Kwon Eun Jong, ceo of Worldposting.com, a Seoul-based e-commerce company, says that she has witnessed more than 20 start-ups close down in the past six months.

CNN: ASIANOW - TIME Asia | Is the New Economy Dead?