Shanghai Free Trade Zone Allows Foreign Investment to Own A Majority Stake in An App Store

The long-awaited China (Shanghai) Pilot Free Trade Zone was officially opened yesterday (September 29). It is expected that, apart from finance, investment and trade, telecommunication and Internet industries will also enjoy much more liberalized regulations there.

It turns out, however, there are still a lot businesses in Internet that are not allowed, according to the detailed rules unveiled. But one thing worth-mentioning is foreign investments are allowed to take a majority stake in an app store. Also digital music is open for investments.

Here are cans and cannots on Internet sector,

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