Recently, the Ministry of Industry and Information Technology released the Circular on Loosening the Restrictions on Foreign Shares in Online Data Processing and Transaction Business (E-Commerce Business), allowing foreign share percentage up to 100% nationwide.

 

The all-round loosening of restrictions on the foreign share means that the restrictions on access of foreign capitals to the e-commerce sector will be gradually loosened. In the future, foreign enterprises will join in the competition in a comprehensive way. This will promote market competition and drive the development of the e-commerce sector.

 

Source: www.comnews.cn, June 24, 2015