The Mainland Affairs Council says that Taiwan-based media outlet MasterChain must submit its plans to invest in China for approval.
The Mainland Affairs Council is Taiwan’s top China policy-making body.
MasterChain says it has received funding from around the globe that will allow it to enter the Chinese market. Though it is based in Taiwan, MasterChain also says it is neither Taiwanese nor Chinese.
In a statement, however, the Mainland Affairs Council has said that MasterChain must apply before investing in China. The council has also said that if MsaterChain engages in “embedded marketing” for China, the outlet will be “dealt with in line with law.”