Chinese e-commerce concerns ease, stocks rebound

Wed, 13 Apr 2016

By Sophie Boot April 13 (BusinessDesk) - New Zealand companies using Chinese e-commerce platforms say recent regulatory and tax changes won't impact their business, as investors buy back stocks sold out of nervousness earlier this week. On April 8, China changed the tax rules for products imported via cross-border e-commerce platforms such as Alibaba's Tmall, with online purchases no longer eligible for a lower personal parcel tax rate of 10 percent on parcels worth less than 1000 yuan (NZ$223), or no tax on parcels worth less than 50 yua...

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