Chinese Internet Sellers Must Disclose Accurate Information
July 8, 2010
China’s State Administration for Industry and Commerce last week announced it will require online sellers to provide accurate information or be subject to significant fines. Individuals who wish to sell products or services on the Internet now have to submit their personal details to online retail websites or the government can levy fines up to 10,000 yuan ($1,470 dollars). Retail websites also could face fines of up to 30,000 yuan ($4,428) if they neglect to register the details of sellers or refuse to turn over the information to authorities conducting investigations. China has the world’s largest population of Internet users, estimated at 404 million people, according to official figures.