Alibaba officebiz3Taiwan’s Investment Commission has ordered the New York-listed e-commerce giant Alibaba Group to pay a fine of US$3,800 and withdraw its Taiwan operations within six months.  The government’s investment regulator deems Alibaba a “Chinese company” after reviewing its post-IPO shareholding structure, which violates government restrictions on companies with Chinese ownership.

Alibaba’s B2B trading platform,, established its Taiwan branch in 2008 through Singapore, a subsidiary of Ltd.  The company entered the market prior to the Taiwanese government’s acceptance of direct investment from mainland Chinese companies.  Alibaba reportedly has around 300,000 customers from Taiwan.

Source: Business Strategies Group, Hong Kong  –