Taobao sets succession rules for online stores

04/4/2013 | China Daily (Beijing)

Online marketplace Taobao has established rules aimed at fostering smooth, litigation-free succession when a shop owner dies or when assets are transferred during a divorce. In addition to producing legal documents, those looking to take over a business must follow through on any deals or transactions already in the works under the previous owner, the company says.

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China Daily (Beijing)

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