China Taobao: Withdrawal from Taiwan: “Suspected regulatory violation”
Taiwanese authorities:
Regarding the online shopping site “Taobao Taiwan”, it was revealed that “China’s largest online shopping company Alibaba Group has violated investment regulations”.
Taobao Taiwan:
Requested improvement, saying that “the user’s personal information may have been sent to China.”
Taobao Taiwan has decided to withdraw from Taiwan.
The Claddagh Venture Investment:
Originally, the British investment company “Clada Venture Investment” started operation with the rights of Taobao Taiwan from Alibaba Group through its Taiwan subsidiary.
Taiwanese authorities:
We strictly limit “investment projects in which the ratio of Chinese capital exceeds 30%”.
Assuming that the site user’s personal information may be sent to a server in China
In August 2020, we requested an investment company to make improvements.
Alibaba’s stake:
Alibaba says it keeps its stake in investment companies to less than 30%.
However, the Ministry of Economic Affairs of Taiwan has confirmed that “Alibaba has substantial control over this investment company.”
Taobao Taiwan withdraws:
On October 15th, the investment company stopped accepting purchases of products in Taobao Taiwan, saying that there are many uncertainties in the market environment.
We have announced that we will withdraw from Taiwan with all this.
Baidu video site also withdrew:
The Taiwanese authorities have also evaded regulations on video sites under the umbrella of China’s largest Internet search company, Baidu.
By October 15, we will suspend services in Taiwan and strengthen scrutiny of illegal investment from China.
NHK news
https://www3.nhk.or.jp/news/html/20201016/k10012665891000.html
Alibaba-affiliated marketplace
to leave Taiwan, again Less than a year after Taobao launched on the island through an Alibaba-backed joint venture,
the marketplace
announced it will cease operations by the end of this year, the platform said in a notice to customers on Thursday.