News Snapshot:
The Chinese language media Phoenix Television will close its office in Taiwan in May, after Taiwan’s Ministry of Economic Affairs found the media violated the investment prerequisite for those outside the country. On April 6, the Minister of Economic Affairs Mei-Hua Wang explained that in 2021, the ministry identified Phoenix TV as a China-owned media due to its shareholding structural changes, and demanded correction within six months. According to the investment regulations on shareholders who are outside the country, when more than 30 percent of shares are held by Chinese individuals or institutes it shall be deemed to be a...
