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


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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 ‘multiple uncertainties in the market’. 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...