Starting today, Beijing will officially implement the new regulations for online stores.

The Beijing Administration for Industry and Commerce announced new regulations for online stores on July 4th, drawing attention from all quarters, especially sellers on C2C websites such as Taobao and EachNet. According to surveys released by relevant media, over 63% of netizens stated that they would close their stores due to the implementation of the new regulations for online stores. The primary reason is that sellers, who already operate on thin profit margins, cannot maintain financial balance after paying taxes.

According to the Zhongguancun Business Office of the Chaoyang District Administration for Industry and Commerce in Beijing, no store owner has come forward to apply for an online store business license so far. A Taobao insider said that Taobao has not made any product-level improvements regarding the new regulations for online stores. In particular, there has been no addition of a certification process for business licenses when sellers open their stores.

"Predictably, after the formal implementation of the new regulations for online stores, issues such as the certification process, costs, and technical upgrades for various C2C platforms will require a grace period," analysts believe.

According to the staff of the Zhongguancun Business Office, if a store owner wants to apply for a business license, they just need to bring their property certificate, ID card, residence permit, and the "business name" of the online store to the business office for processing.