Online shopping site withdraws from Taiwan Authorities “Suspected regulatory violation” October 16 5:59
Taiwanese authorities have improved the online shopping site "Taobao Taiwan" because it is suspected that China's largest online shopping company Alibaba Group has violated investment regulations and that it may be sending personal information of users to China. The site has decided to withdraw from Taiwan.
Last year, the online shopping site "Taobao Taiwan" was started by the British investment company "Kurada Venture Investment" with the rights from the Alibaba Group through a subsidiary established in Taiwan.
Taiwanese authorities have severely restricted investment projects in which the ratio of Chinese capital exceeds 30%, and Alibaba says that it keeps the ratio of investment in investment companies to less than 30%.
However, Taiwan's Ministry of Economic Affairs has confirmed that Alibaba has virtually controlled the investment company and may be sending the site's users' personal information to a server in China. In August, we requested an investment company to make improvements.
In response, the investment company announced on the 15th that it will stop accepting purchases of products in Taobao Taiwan, saying that "the market environment has many uncertainties" and will withdraw from Taiwan at full capacity.
Taiwanese authorities have also suspended services in Taiwan by the 15th for operating video sites under the umbrella of China's largest Internet search company Baidu, saying that they were operating through regulations, and invested illegally from China. We are strengthening surveillance.