Taobao to shut down e-commerce operations in Taiwan over discourse

16-October-2020 | 1 min courthousenews.com Taobao Taiwan is winding up operations after the Taiwanese Government ordered the firm to re-register as China-backed or leave the country. This move comes as there is increasing scrutiny over Chinese firms amidst rising tensions between Taipei and Beijing. UK-registered Claddagh Venture Investment, which runs Taobao Taiwan, said it had to shut down e-commerce operations as there were ࢀ˜multiple uncertainties in the marketࢀ™. The company will exit fully by the end of 2020 and will help merchants deliver existing orders to buyers. In August, Taiwan Government fined Claddagh Venture US $ 14,132 for violating the…