JQW operations remain suspended

Business-to-business e-commerce operator JQW said its operations remain suspended as it carries out further training for new staff that it has recruited to strengthen its website monitoring activity.

Following its inspection last week, China’s Administration of Industry and Commerce was satisfied with the remedial work JQW has undertaken to address the issues concerning its systems and filters raised by them last month. However, the AIC requires JQW to carry out further training for new staff.

The company expects this additional training will take place over the next two weeks and in the meantime, operations remain suspended.

“The board welcomes the increased investment in the training of its employees which will further increase the company's long-term effectiveness,” it said.

JQW was forced to shut down its operations for a month in September and fined RMB18,000 by China's AIC after it violated advertising regulations.

At 1520 BST, JQW shares were down 8.3% at 5.50p.