EDITORIAL: Stopping China investment influenceThe Investment Commission on Monday ruled that Taobao Taiwan is Chinese-controlled, despite it listing UK-based Claddagh Venture Investment as its parent company. China’s Alibaba Group Holding is a major shareholder in the British company and must be represented at shareholder meetings, the commission said. Foreign investment should be more carefully scrutinized rather than dealing with such issues only after concerns are raised. The commission should seek to understand how companies such Taobao and content providers like iQiyi acquired registration in Taiwan without raising red flags. Perhaps it is time for an independent body to be tasked with aggressive investigations of foreign investment.

Source: Taipei Times August 29, 2020 15:56 UTC