The A2 Milk company (ASX:A2M) today released the statement on new e-commerce law introduced by Chinese government. Late on 31 August 2018, the legislative body of the Government of China passed new e-commerce law in China, effective from 1 January 2019.
This change in Chinese law provides an effective framework applicable to all e-commerce activities thereby covering all e-commerce operators, contracts, dispute resolution and promotion both domestic and cross border. Infant formula and dairy products company A2M welcomes the new Chinese e-commerce law and considers it to be in betterment of further protection of consumerâs rights and safety.
Further, the implementation guidance is yet to be released by the company. A2M share price hiked by 0.957% to $11.610 on 3 September 2018.
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