E-commerce Web site Taobao Taiwan (淘寶台灣) is under investigation by the Investment Commission, which on Sunday said that it received a report that a Chinese investor holds a more than 30 percent stake in the company, in contravention of Taiwanese law.
Taobao Taiwan was launched last year by Claddagh Venture Investment Co (克雷達投資), which is registered in the UK and reportedly linked to China’s Taobao Marketplace (淘寶), which is run by e-commerce giant Alibaba Group Holding Ltd (阿里巴巴).
According to the complaint, Taobao Taiwan shares a platform with Taobao Marketplace, which means there is technically no independence, an Investment Commission official said.
Furthermore, the two Taobaos have a common privacy policy, prompting concerns over the privacy and security of the personal information of Taiwanese, the official said, citing the complaint.
The commission, in collaboration with the Mainland Affairs Council (MAC), has been gathering data and information in a probe into the matters and the issue of Taobao Taiwan’s ownership, the official said.
Under Taiwan’s law, Chinese investors must obtain permission from the government to directly or indirectly acquire a stake of more than 30 percent in any Taiwanese company, the official said.
Taobao Taiwan spokesman Ko Chung-ning (柯中甯) denied the allegations that Taobao Taiwan and Taobao Marketplace share a platform and privacy agreement.
The two companies have different platforms and people who register on Taobao Taiwan do not need to sign a privacy agreement with Taobao Marketplace in China, Ko said.
Some products on Taobao Taiwan are sold by overseas suppliers and the privacy agreement is aimed at regulating those companies and ensuring the quality of their products sold to Taiwanese, he said.
The terms of the agreement apply mainly to overseas suppliers, not to shoppers in Taiwan, he said.
Taobao Taiwan sells a wide selection of products, ranging from clothing and stationery to kitchenware and home appliances.
PROTECTION: The investigation, which takes aim at exporters such as Canada, Germany and Brazil, came days after Trump unveiled tariff hikes on steel and aluminum products US President Donald Trump on Saturday ordered a probe into potential tariffs on lumber imports — a move threatening to stoke trade tensions — while also pushing for a domestic supply boost. Trump signed an executive order instructing US Secretary of Commerce Howard Lutnick to begin an investigation “to determine the effects on the national security of imports of timber, lumber and their derivative products.” The study might result in new tariffs being imposed, which would pile on top of existing levies. The investigation takes aim at exporters like Canada, Germany and Brazil, with White House officials earlier accusing these economies of
EARLY TALKS: Measures under consideration include convincing allies to match US curbs, further restricting exports of AI chips or GPUs, and blocking Chinese investments US President Donald Trump’s administration is sketching out tougher versions of US semiconductor curbs and pressuring key allies to escalate their restrictions on China’s chip industry, an early indication the new US president plans to expand efforts that began under former US president Joe Biden to limit Beijing’s technological prowess. Trump officials recently met with their Japanese and Dutch counterparts about restricting Tokyo Electron Ltd and ASML Holding NV engineers from maintaining semiconductor gear in China, people familiar with the matter said. The aim, which was also a priority for Biden, is to see key allies match China curbs the US
Teleperformance SE, the largest call-center operator in the world, is rolling out an artificial intelligence (AI) system that softens English-speaking Indian workers’ accents in real time in a move the company claims would make them more understandable. The technology, called accent translation, coupled with background noise cancelation, is being deployed in call centers in India, where workers provide customer support to some of Teleperformance’s international clients. The company provides outsourced customer support and content moderation to global companies including Apple Inc, ByteDance Ltd’s (字節跳動) TikTok and Samsung Electronics Co Ltd. “When you have an Indian agent on the line, sometimes it’s hard
‘SACRED MOUNTAIN’: The chipmaker can form joint ventures abroad, except in China, but like other firms, it needs government approval for large investments Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) needs government permission for any overseas joint ventures (JVs), but there are no restrictions on making the most advanced chips overseas other than for China, Minister of Economic Affairs J.W. Kuo (郭智輝) said yesterday. US media have said that TSMC, the world’s largest contract chipmaker and a major supplier to companies such as Apple Inc and Nvidia Corp, has been in talks for a stake in Intel Corp. Neither company has confirmed the talks, but US President Donald Trump has accused Taiwan of taking away the US’ semiconductor business and said he wants the industry back
RSS