China pledges to ‘regulate and revamp’ e-commerce sector amid Alibaba row | South China Morning Post

The Ministry of Commerce said it will boost regulation of China’s e-commerce sector amid the continuing row between Alibaba Group, over alleged sale of fake goods by its subsidiary Taobao.com, and the State Administration for Industry and Commerce (SAIC).

Alibaba's corporate headquarters in Hangzhou, Zhejiang province. Photo: Reuters

Shen Danyang, a spokesperson for the Ministry of Commerce, said on Thursday that the move was aimed at revamping the entire sector.

Last year, the ministry investigated more than 11,000 violations in the fast-growing e-commerce industry, and closed 3,400 websites, Shen said. The ministry would continue its campaign to build a safe and reliable market for consumers.

Online media company Sina reported on Thursday that a SAIC spokesperson denied they had received a formal complaint from Taobao.com against director Liu Hongliang, despite Taobao’s claim yesterday that they would do so.

An open letter was published on Taobao’s official Weibo account on Tuesday accusing SAIC director Liu of commissioning an “unfair” quality survey of goods sold on the platform, which resembles eBay of the US, and making public the results without giving online shop owners a chance to appeal.

Alibaba Group is due to release its quarterly earnings tonight.

via China pledges to ‘regulate and revamp’ e-commerce sector amid Alibaba row | South China Morning Post.

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