#Laogao E-commerce Online Information# Recently, China's first draft E-commerce Law was submitted to the Standing Committee of the National People's Congress for the first time for deliberation. It is understood that Article 39 of the e-commerce draft stipulates that compensation should be made for loss, damage, delays in express logistics in accordance with the law. At the same time, the draft also includes clear provisions and penalties for credit speculation and information security in e-commerce.

Not only that, if a merchant provides express logistics services through franchise, and the above situations occur, the franchise party and the franchise party will jointly bear the compensation liability. This draft clearly stipulates the specific scope of "personal information", including customer name, ID number, bank card information, transaction records, payment records, express logistics records, address, contact information, location information, etc., which can identify specific users individually or in combination with other information.
If the e-commerce business entity fails to fulfill the obligation to protect consumers' personal information, relevant government departments at all levels may impose a warning or a fine of not less than RMB 30,000 and not more than RMB 100,000 according to the circumstances;
If a user's personal information is leaked, lost or damaged during the transaction process, the e-commerce business entity shall take immediate remedial measures. For example, inform users in a timely manner and report to relevant departments, etc.
If the circumstances are serious, the business shall be suspended and rectification shall be ordered to be suspended until the business license is revoked, and a fine of not less than RMB 100,000 and not more than RMB 500,000 will be imposed.
The clear provisions in the draft E-commerce Law provide a corresponding legal basis for consumers to safeguard their rights and interests to a certain extent, and also protect the security of consumers' personal information. The proposal of this draft indicates that China has taken another big step in the road of e-commerce.
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