Let market solve Taobao Mall dispute
China Daily | Updated: 2011-10-19 07:55
The recent online dispute between Taobao Mall and some of its small and medium-sized vendors highlights the urgency of establishing sound and fully market-based commercial rules, said a South Metropolis Daily editorial. The following are excerpts:
bitter online fee dispute between Taobao Mall, the country's leading online retail platform, and its small and medium-sized retailers is calming down following the intervention of the Ministry of Commerce.
On Monday, Taobao Mall announced revised fees, including a 9-month grace period for regular sellers, who have maintained good ratings, and a 1.8 billion yuan ($282.2 million) investment plan to aid the development of small and medium-sized enterprises.
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