Posts Tagged ‘Ministry of Commerce’

Ant Financial To Acquire 20% Stake In Thai Payment Company

Thailand ForexAlibaba’s financial subsidiary Ant Financial reportedly plans to acquire a 20% stake in Ascend Money, an electronic payment and small …


Chinese Government Steps In To Regulate Internet Retail Services

China’s Ministry of Commerce has drafted the “Network Retailing Management Approach”, which will cover more than 40 guidance items surrounding e-commerce activities in China. The “Third-party Network Trading Platform Management Approach” is also expected to be launched at the end of 2012. In early 2012, Chen Deming, minister at the Ministry of Commerce, said during […]


Internet Businesses Push Alibaba’s Online Subsidiary To Postpone Contract Signings

Tmall.com, the B2C section of Alibaba’s Taobao.com website, has published a report stating that its 2012 contract signings and renewals, which were planned to be launched on October 17, 2011, have been postponed. The company said they will soon publish another report to inform clients about the new start date of the contract signing and […]


China’s Mofcom To Regulate Internet Sales Of Foreign Enterprises

China’s Ministry of Commerce has issued a notice to regulate the sales activities of foreign-invested enterprises that are engaged in either Internet sales or vending machine sales. According to the notice, foreign enterprises who want to operate Internet sales business should submit applications to the respective provincial commerce departments and the departments will examine and […]


EU Launches Anti-dumping Case Against Chinese Wireless Wide Area Networking Modems

The European Union has launched anti-dumping investigation against Chinese-made wireless wide area networking modems. In a case valued at USD4.1 billion, the official website of the Ministry of Commerce of China, states this case may harm interactions between Europe and China. A representative from the ministry told local media that this is the first time […]


Chinese Home Appliances Trade-in Policy Launched In 19 Additional Regions

China’s Ministry of Commerce, Ministry of Finance, and Ministry of Environmental Protection have jointly published a “Home Appliances Trade-in Promotion Program”, stating that from June 1, 2010, the policy will be launched in 19 additional provinces and cities, in addition to the existing nine pilot provinces and cities, and the implementation period of the policy […]


China Lowers Corporate Income Tax Rate For 186 Software Enterprises

Chinese government departments have jointly issued a notice about key software enterprises included in China’s […]


China Implements Stricter Management Of Virtual Currency

China’s Ministry of Culture and Ministry of Commerce have jointly focused on the management of virtual money for online games with a new regulation which states that virtual currency should not be used in trade of real goods and services.
According to the regulation, the enhanced management of online games focuses on four aspects: the issuers […]


Taobao.com Trade Value Reached CNY99.96 Billion In 2008

Chinese Internet auction and e-commerce website Taobao.com has announced that its trade value in 2008 reached CNY99.96 billion, making it one of the largest comprehensive shopping platforms in China.


Best Buy Finally Opens Second Flagship Store In China

After much preparation, American electronics retailer Best Buy (BBY) will open its second flagship store in China in Shanghai’s Zhongshan Park area on August 26, 2008.