China has decided to open its e-commerce market to foreign companies

As one of the fastest-growing and most lucrative e-commerce markets in the world, China can’t afford to be as restrictive on foreign ownership as it is with other markets. That’s why, in an attempt to encourage foreign investment and make the market more competitive, China has decided to allow foreign companies to have full ownership of some e-commerce businesses, though it’s still unclear how this will effect e-commerce companies already operating in the country.