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.