HONG KONG -- Taobao Taiwan, a local affiliate of Chinese internet shopping leader Alibaba Group Holding, has shut down its online platform under regulatory pressure.
Move follows regulatory finding that Chinese company obscured its involvement

Taiwanese authorities alleged the U.K.-based company that operated Taobao Taiwan is in effect controlled by Alibaba Group Holding. (Photo by Yu Nakamura)
HONG KONG -- Taobao Taiwan, a local affiliate of Chinese internet shopping leader Alibaba Group Holding, has shut down its online platform under regulatory pressure.