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MIIT Lifts Foreign Equity Ratio Limit for Online Data and Transaction Processing Businesses in Shanghai FTZ
MIIT Lifts Foreign Equity Ratio Limit for Online Data and Transaction Processing Businesses in Shanghai FTZ
2015-01-26AllBright partner Michael Mao and associate Robin Zhang analyze a recent circular by the Ministry of Industry and Information Technology regarding foreign investment in e-commerce. The circular lifts foreign equity ratio limit for online data and transaction processing businesses in the Shanghai FTZ, which is likely to enable wholly foreign-owned companies to engage in e-commerce platform business in the Shanghai FTZ.
