China’s New Law on Infringement of Intellectual Property

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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 Chinese Market regulator has mapped out a new law that may not be favourable to big name e-commerce companies in china. the Proposed amendments to the country’s e-commerce law states that licenses can be revoked if the platforms fail to take necessary measures against vendors who infringe intellectual property rights.

Recently China has begun tightening regulatory control over the country;s international giants, making laws that :”put the noose tigher around their necks” although according to SAR the proposed bill is open to public review up until October the 14th.

China’s largest e-commerce platforms include Alibaba’s (9988.HK) Taobao and Tmall marketplaces, JD.com (9618.HK) and Pinduoduo (PDD.O).

($1 = 6.4616 Chinese yuan renminbi)

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