China has enacted the "Interim Administrative Measures on Internet-based Transactions of Goods and Related Services" that will take effect on July 1, 2010. This regulations should have a significant impact on e-commerce in China. One can only assume that it will also impact Software Service Level Agreements, SaaS law, and cloud computing law. The regulations appear to be focused on Business - to-Consumer issues and consumer-to-consumer activities, but the actual language of the regulation is pretty broad. There are quite a few requirements related to form, contracts, issuing receipts, collection and treatment of information, record retention, etc.
The main thrust of the regulation is to aimed at C2C platforms like taobao and E-Bay. These platforms will need to verify vendor information as being a real name with real contact details. It also push individuals to establish companies and obtain business licenses.
The impact that this regulation is likely to have on U.S. e-commerce or U.S. Business in general is likely nominal. However, it does illustrate a trend toward regulation. Luckily for me, more regulation means more work for yours truly.
The main thrust of the regulation is to aimed at C2C platforms like taobao and E-Bay. These platforms will need to verify vendor information as being a real name with real contact details. It also push individuals to establish companies and obtain business licenses.
The impact that this regulation is likely to have on U.S. e-commerce or U.S. Business in general is likely nominal. However, it does illustrate a trend toward regulation. Luckily for me, more regulation means more work for yours truly.
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