Alibaba Is Required To Withdraw From Taiwan Market Within Six Months.

According to Taiwan media reported on Friday, the Ministry of investment of Taiwan Ministry of economic affairs considers that Alibaba is trying to conceal its mainland business identity with a Singapore registered entity, and therefore decides that Alibaba will pay a total of 12 NT $3800, and withdraw from the market at the same time.

A Alibaba spokeswoman said that as early as 2008, when the relevant departments of Taiwan approved mainland enterprises to invest directly in Taiwan, the wholesale trading platform Alibaba.com of the company had established the Taiwan branch.

The company's Alibaba.com Singapore is registered in the Cayman Islands and is a subsidiary of Alibaba.com Ltd. limited, a Alibaba holding group.

The spokesman said, "we act in accordance with the law and comply with the relevant laws and regulations of Taiwan."

She added that Alibaba will cooperate with the Taiwan authorities to clarify the problem and, if necessary, take appropriate measures to protect the legitimate interests of Alibaba.com.

Alibaba group said that after listing on the NYSE in September last year, Taiwan regards Alibaba group as a mainland company.

According to the Taiwan Lianhe Bao, the Investment Review Committee of the Ministry of economic affairs has said that there has been no effective evidence that Alibaba.com has direct contact with the Chinese parent company until the Alibaba group submits the IPO document to disclose the details of the company's corporate structure.

The United Daily said that a Taiwanese official said that according to the documents disclosed by Alibaba group, the Alibaba.com Taiwan branch is indeed affiliated with Alibaba group.

However, for

For example, the ruling of the Taiwan economic ministry's investment review committee does not seem to have a major impact on it. After all, its core business is still in mainland China.

In 2012, 36 million people from more than 240 countries and regions in the world became registered users of Alibaba.com. 140 thousand of them came from Taiwan.

Alibaba set up venture capital fund to support start-ups in Hong Kong and Taiwan.

In addition, on Monday, Alibaba said the company will invest 10 billion NT dollars (US $316 million) to support Taiwan businesses that want to create and develop their businesses through Alibaba's online platform.

In early February, Alibaba announced that it plans to invest HK $1 billion (US $129 million) to invest in Hongkong start-ups and help them build their businesses through Alibaba platform.

As early as last December, Ma Yun, chairman of Alibaba group, said at a forum in Taipei that he intends to provide support for Taiwan mobile commerce start-ups.

He said young people in Taiwan are hardworking and creative, and hope that similar funding can help these start-ups.

In comparison,

And entrepreneurs in Taiwan have a better understanding of local market customers.

And taste.

Therefore, in the long run, these hundreds of millions of dollars of investment will help to enhance the pace of expansion of Alibaba overseas market, and these Hong Kong and Taiwan start-ups will also become long-term customers of Alibaba.

Alibaba's business model is heavily dependent on businesses that sell products on Alibaba's shopping website.

Alibaba's cloud computing service AliCloud charges fees for companies that use their data centers and other computing sources.

Alibaba said in a statement that investment funds will be managed by professional investment managers and is expected to be officially launched after regulatory approval in the second half of this year.