Thursday, June 4, 2015

Alibaba puts in new application to invest in Taiwan: regulator

Chinese e-commerce giant Alibaba Group Holding Ltd has put in another application to invest in Taiwan under rules for mainland-backed companies, a Taiwanese regulator said Friday. Alibaba submitted its new application a month ago and it is currently being reviewed, Emile M.P. Chang, executive secretary for the Investment Commission under Taiwan's economics ministry, told . The commission is responsible for reviewing foreign and Chinese investments into Taiwan. (Reporting by J.R. Wu; Editing by Miral Fahmy)

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