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China's SAIC to Strengthen Regulation of Online Advertising Industry
SAIC, 2/12/18
China's State Administration for Industry and Commerce (SAIC) has issued a notice that from April to October this year, a concentrated effort will be made to reform the following five types of false, illegal online advertising, particularly for online presences with significant social impact and wide coverage such as portal websites, search engines, e-commerce platforms, mobile clients, and new media accounts: 1. Read More
Xinhuanet Taps Parent, Alibaba to Form Information Technology JV
Xinhuanet, 4/12/17
Chinese state-owned news site operator Xinhuanet Co (603888.SH) recently announced that it has signed an agreement to set up a new technology company called "Xinhua Smart Cloud Technology" with several subsidiary companies of parent firm Xinhua News Agency, Ali Venture Capital, and Hangzhou-based Shuwenyun Investment Partnership. Read More
Mobile Car-focused Life Services Platform Chelun.com Wins RMB 100 Mln Series C+
Huanqiu, 12/02/16
Shanghai-based Yidian Shikong Network, operator of automobile-focused life services platform Chelun.com, recently announced completion of RMB 100 mln Series C+ funding from investors including Hanfor Capital Management. Read More
Founder of Mobile OS Developer Chuizi Pledges 2 Mln Shares to Alibaba
Beijing Business Today, 6/29/16
Luo Yonghao, founder of Beijing-based mobile OS developer and smartphone vendor Chuizi Technology (Smartisan), recently pledged 2.05 mln of his equity shares in Chuizi to Chinese e-commerce conglomerate Alibaba Group (NYSE: BABA), according to records available through the National Enterprise Credit Information System maintained by China's State Administration for Industry and Commerce (SAIC). Read More
Chinese Regulators Impose Stricter Rules for Baidu's Healthcare Search
CAC, 5/09/16
Following their investigation of Chinese search engine Baidu's (Nasdaq: BIDU) business practices in the online healthcare advertising sector, the Cyberspace Administration of China, State Administration for Industry and Commerce (SAIC), National Health and Family Planning Commission of the PRC, and related departments of the Beijing municipal government have announced a set of healthcare-related online search requirements to which Baidu must adhere. Read More
China's SAIC to Crack Down on E-commerce Platforms, Merchants, and Online Ads
SAIC, 5/04/16
China's State Administration for Industry and Commerce (SAIC) recently posted a message on its official website saying that it will conduct a campaign to enhance supervision of online marketplaces from May-November 2016. Read More
Rumor: Sesame Credit Starts CB of Enterprise Credit Service
National Business Daily, 3/11/16
Consumer credit rating service provider Sesame Credit, a subsidiary of Alibaba Group's (NYSE: BABA) financial services affiliate Ant Financial, recently started closed beta testing for an enterprise credit service, according to a source connected to the company. Read More
SAIC: Less Than 60% of Online Goods in China Are Genuine
Beijing Times, 1/24/15
China's State Administration for Industry and Commerce (SAIC) has tested 92 batches of products sold online in the second half of 2014 and found that only 54 were genuine articles, equating to 58.7%. Read More
China's National Cable TV Operator Completes Company Registration
Sarft.net, 4/22/14
China Radio and Television Network (CRTN), China's planned national cable TV operator, has completed registration as a company in China, according to the website of China's State Administration for Industry and Commerce (SAIC). Read More
China's E-Commerce Platforms to Offer 7-Day Unconditional Return Policy
Saic.gov.cn, 2/13/14
China's State Administration for Industry and Commerce (SAIC) has issued new regulations requiring all e-commerce platforms to offer 7-day unconditional return policies to customers, effective March 15. Read More
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