Angela Xu/ Shanghai Daily news 

The city's biggest trader of fruit from Taiwan, Ggood, has quit the local market after suffering losses of more than 20 million yuan (US$2.93 million) over the past three years.

The company's distribution center in Minhang District has closed and Ggood is promising compensation for unfulfilled orders.

Lin Chih-hung, general manager of Ggood, which used to sell more than 80 percent of Taiwanese fruit in Shanghai, attributed the failure to the high cost of transporting the fruit between Taiwan and the mainland.