China’s market regulator proposes amendments to e-commerce law
Tue Aug 31 2021
Mark Cooper (2614 articles)

China’s market regulator proposes amendments to e-commerce law

China’s market regulator proposed amendments to the country’s e-commerce law, saying that licences can be revoked if the platforms fail to take necessary measures against vendors who infringe intellectual property rights.

The former version of the law says the platforms would be fined between 50,000 yuan and 2 million yuan for such offenses.

The amendments are open for public review before Oct. 14, the State Administration of Market Regulation said on Tuesday on its website.

Tags China
Mark Cooper

Mark Cooper

Mark Cooper is Political / Stock Market Correspondent. He has been covering Global Stock Markets for more than 6 years.