Fengmao, the China joint venture between Alibaba and Yoox Net-a-porter, will be terminated soon, announced Yating Wu, chief executive officer of Fengmao, during a meeting with employees yesterday. Launched in October 2019, Feng Mao brings together leading luxury brands on Tmall’s Luxury Pavilion, among them Tom Ford, Brunello Cucinelli, Cartier, Vacheron Constantin, and many others.