Alibaba faces Taiwan fine over registration data

Alibaba Group Holding Ltd faces a 24,000 yuan ($3,820) fine and other possible penalties related to its affiliate in Taiwan, where the local economic authorities are investigating the mainland company's investment.

The Taiwan economic authorities said that Alibaba Singapore E-commerce Private Ltd, the Alibaba affiliate in Taiwan that was registered in 2008, is actually a Chinese mainland-invested company.

But it has not submitted supplementary registration documents as a Chinese mainland company, as required by local regulations. If the affiliate does not submit the required information within six months, it will be required to withdraw from Taiwan.