The government is mulling whether Taobao Taiwan will be allowed to keep operating in Taiwan. The decision will come later this week. That’s the word from the Economics Ministry on Monday.
This comes at a time when Taiwan is limiting Chinese investments and companies doing business in the country. The government is looking to block the influence of Chinese investors that are connected to the Chinese Communist Party or the People’s Liberation Army from doing business in Taiwan.
Taiwanese officials said last week that the new investment regulations are aimed at loopholes in the current laws, and reflect similar proceedings in the U.S. and in Europe regarding Chinese investments.
While Taobao Taiwan was launched by British company Claddagh Venture Investment, it still has links to China’s Taobao Marketplace, which is owned by Chinese e-commerce giant Alibaba Group Holding.
Taobao Taiwan said on Monday that it will respect what the government decides to do, and will cooperate accordingly.