News Snapshot:
Taobao Taiwan shuts its ecommerce site 09 CET | News Taobao Taiwan has shut its ecommerce site after the government ordered the company to re-register as China-backed or leave the island. According to Reuters , the move is part of a drive to increase scrutiny over Chinese companies during rising tensions between Taipei and Beijing, as Taiwan, claimed by China as its sovereign territory, has long been cautious of Chinese investments on the island. For instance, in August 2020, it barred local sales for Chinese TV streaming services operated by the likes of iQiyi and Tencent Holdings. Therefore, Taiwan reported...
