REGISTRATION ROW: The online marketplace stopped taking new orders before noon yesterday and said that it would help sellers complete their deals before going offline

Taipei Times
Date: Oct 16, 2020
By: Staff writer, with CNA

E-commerce site Taobao Taiwan (淘寶台灣) yesterday announced that it would leave the Taiwanese market at the end of this year, after being told by the Investment Commission to register as a Chinese entity.

It made the “tough decision” to leave Taiwan, effective Jan. 1 next year, due to “market uncertainties” and was in talks with its employees over a redundancy scheme, the company said in a statement.

It would also help sellers on its site complete their outstanding deals to protect their rights and those of the buyers, it said.

The company said that it had decided to stop taking new orders before noon yesterday ahead of going offline on Dec. 31, and had also closed down some other functions on its Web site, which was launched in September last year.    [FULL  STORY]