THE national market regulator has proposed amendments to the country’s e-commerce law, saying that licenses can be revoked if the e-commerce platforms fail to take necessary measures against vendors who infringe intellectual property rights. The amendments are open for public review before Oct. 14, an article published by the State Administration of Market Regulation (SAMR) on Tuesday said. China has been tightening regulatory control over the country’s internet giants, drafting new laws in areas such as anti-monopoly and data security. The license revocations are new, while the proposed amendment retains an existing maximum penalty of a 2 million yuan (US$309,521) fine for platforms found to have committed less serious infringements. China’s largest e-commerce platforms include Alibaba’s Taobao and Tmall marketplaces, JD.com and Pinduoduo. (SD-Agencies) |