Online Retail Management Regulations under preparation

On the regular briefing of Ministry of Commerce of the People’s Republic of China on October 19, Shen Danyang, the spokesman of Ministry of Commerce, indicated that the Taobao Mall case – because of the substantial increase in service charge and deposit, small and medium sized sellers were infuriated and attacked the brand shops – exposed the absence of laws and regulations for our country’s internet retail management.

“It’s happy to see that the case was finnally tackled in a proper way in the joint efforts of all parties. Taobao Mall held a press conference in the afternoon of October 17, which led the event moving in a positive and rational direction.” Shen Danyang said that the prime cause of this event is the weakness of our country’s legal management on internet, the absence of laws and regulations on online retail, and the inadequacy of regulatory system.

He believes that the construction of retail legal management system should be accelerated. Currently we should boost the establishment of Online Retail Management Regulations, which should be led by Ministry of Commerce and be issued as soon as possible.

CTEI