TAIPEI: Taiwan gave e-commerce site Taobao Taiwan six months to re-register as Chinese-backed rather than foreign or leave the island, in the ...
TAIPEI: Taiwan gave e-commerce site Taobao Taiwan six months to re-register as Chinese-backed rather than foreign or leave the island, in the government's latest shot against Chinese firms.
The investment commission of Taiwan's Economics Ministry said on Monday Taobao Taiwan was operated by a British-registered company called Claddagh Venture Investment, which it said was in effect controlled by China's Alibaba Group.The commission was also concerned about information security as user data was sent back to China, it said, adding that Taobao Taiwan had been fined NT$410,000 and had six months to either withdraw its investment or re-register.
Claddagh's Taiwan office expressed regret at the move and said it had received no formal notification from the government, but said it respected the decision and would"carry out rectification as soon as possible". It did not give details.
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