Perspectives
China will step up efforts to provide regulation of the online retail market for the first time.
The Ministry of Commerce with other government departments, is drawing up regulations on companies entering and exiting the market, improving market rules, and clarifying the rights, responsibilities and obligations of all players, Shen Danyang, a ministry spokesman, said on Wednesday.
His remarks came after last week’s online protest against the e-commerce giant Alibaba Group Holding Ltd. The company had attempted to raise the fees it charges vendors on its business-to-consumer site, Taobao Mall.