Alibaba-aligned e-commerce outfit Taobao quits Taiwan

Was given deadline to declare its Chinese ties or leave, chose the latter

Alibaba-aligned e-commerce operator Taobao will quit Taiwan.

Amazon’s Alexa internet analytics service rates Taobao as the world’s eight-busiest website – four spots above itself. Taobao’s Taiwanese site is less popular, but its mere existence demonstrated Alibaba’s intent to expand the brand’s footprint.

Taiwan had other plans. In September 2020, the nation imposed new rules that required businesses operating locally to register if they have received significant-but-not-controlling investments from mainland China. Such businesses can expect extra oversight in case they’re transferring tech to China.

Taobao Taiwan was told it needed to register as such but chose not to do so.

And now it appears to have decided to pick up its bat and ball and go home rather than register.

The company’s site yesterday added a notification that it had decided to stop trading and would go dark on December 31st.

Pretty rendering of an imaginary chip blueprint

TSMC to build new 5nm chip factory in Arizona with US government backing


Customers will be able to empty their e-wallets and secure refunds on purchases. But orders are no longer possible.

While Taobao Taiwan is owned by a UK firm called Claddagh Venture Investment, Taiwan held it was actually controlled by Alibaba.

Taiwan’s new policy has previously made life hard for other Chinese-controlled entities. In August video-streaming companies WeTV and iQIYI, controlled by Tencent and Baidu respectively, were prevented from working with Taiwanese companies.

Mainland China regards Taiwan as a rogue province that must be brought to heel and re-integrated. Taiwan considers itself a sovereign nation, rejects China’s policy towards it, and is making sure it is a staunch ally of the United States. That diplomatic effort helps Taiwan’s security and economy, as the USA likes the fact that Taiwan offers an alternative to China for high-tech manufacturing and that companies like TSMC are willing to open factories stateside. ®

Similar topics

Broader topics

Other stories you might like

  • US won’t prosecute ‘good faith’ security researchers under CFAA
    Well, that clears things up? Maybe not.

    The US Justice Department has directed prosecutors not to charge "good-faith security researchers" with violating the Computer Fraud and Abuse Act (CFAA) if their reasons for hacking are ethical — things like bug hunting, responsible vulnerability disclosure, or above-board penetration testing.

    Good-faith, according to the policy [PDF], means using a computer "solely for purposes of good-faith testing, investigation, and/or correction of a security flaw or vulnerability."

    Additionally, this activity must be "carried out in a manner designed to avoid any harm to individuals or the public, and where the information derived from the activity is used primarily to promote the security or safety of the class of devices, machines, or online services to which the accessed computer belongs, or those who use such devices, machines, or online services."

    Continue reading
  • Intel plans immersion lab to chill its power-hungry chips
    AI chips are sucking down 600W+ and the solution could be to drown them.

    Intel this week unveiled a $700 million sustainability initiative to try innovative liquid and immersion cooling technologies to the datacenter.

    The project will see Intel construct a 200,000-square-foot "mega lab" approximately 20 miles west of Portland at its Hillsboro campus, where the chipmaker will qualify, test, and demo its expansive — and power hungry — datacenter portfolio using a variety of cooling tech.

    Alongside the lab, the x86 giant unveiled an open reference design for immersion cooling systems for its chips that is being developed by Intel Taiwan. The chip giant is hoping to bring other Taiwanese manufacturers into the fold and it'll then be rolled out globally.

    Continue reading
  • US recovers a record $15m from the 3ve ad-fraud crew
    Swiss banks cough up around half of the proceeds of crime

    The US government has recovered over $15 million in proceeds from the 3ve digital advertising fraud operation that cost businesses more than $29 million for ads that were never viewed.

    "This forfeiture is the largest international cybercrime recovery in the history of the Eastern District of New York," US Attorney Breon Peace said in a statement

    The action, Peace added, "sends a powerful message to those involved in cyber fraud that there are no boundaries to prosecuting these bad actors and locating their ill-gotten assets wherever they are in the world."

    Continue reading

Biting the hand that feeds IT © 1998–2022