Interesting news from Pacific Epoch today which I have pasted below for your convenience:

The Beijing Administration for Industry & Commerce (BAIC) may cancel e-commerce regulations initially scheduled for an August 1 release, reports Weaseek.com quoting an unnamed insider. According to the report, Internet inspector Lv Bowang along with 90% of Internet users have voiced opposition to the regulations that require online sellers to pay a RMB 500 licensing fee for their online stores. Previous reports said e-commerce operators allowing unlicensed sellers to operate on their platform could be fined from RMB 20,000 to RMB 500,000 under the new rule.

If this rumor is true then I foresee nothing but continued growth for the many assets owned and operated by our friends at Alibaba Group.