Is Shanghai Qfang.com closed down?

Closed.

On March 8, Qfang.com issued a notice within the company. The content was in response to Shanghai Yunfang Data Services Co., Ltd.’s continued losses and inability to maintain normal operations. In order to prevent further expansion of operating losses , to protect the rights and interests of employees to the greatest extent, and after careful study by the group headquarters, the "Closure Implementation Plan" (draft) was formulated.

Qfang.com announced that it was sold to the asphalt manufacturer Guochuang High-tech Materials Co., Ltd. Guochuang High-tech stated that it will continue to maintain the independent operating status of Qfang.com and give the original management sufficient room for business development. The industry believes that Qfang.com has suffered continuous losses since its establishment. The biggest benefit to the company from this change of ownership is that it can solve its urgent needs and obtain financial support.