Taipei -- Taiwan's Investment Commission has demanded that Chinese internet giant Alibaba withdraw from the island before Aug. 24 after local officials discovered the company registered its Taiwan branch as a Singaporean entity rather than a Chinese one.
Taiwan wants to chase out Jack Ma’s Alibaba. © Courtesy of Alibaba Group The commission said the Chinese e-commerce giant will need to reapply for investment approval as a mainland entity, should it wish to maintain operations in Taiwan. Chinese companies face stricter regulations than other multinationals when investing in Taiwan due to the island's security concerns.
