Singles’ Day is the biggest shopping festival in the world, but China’s market regulator is cracking down on participating companies over what it says are misleading deals promoting goods at higher-than-normal prices. Photo: Xinhua Singles’ Day is the biggest shopping festival in the world, but China’s market regulator is cracking down on participating companies over what it says are misleading deals promoting goods at higher-than-normal prices. Photo: Xinhua
Singles’ Day is the biggest shopping festival in the world, but China’s market regulator is cracking down on participating companies over what it says are misleading deals promoting goods at higher-than-normal prices. Photo: Xinhua

China technology

China fines Tmall, JD and Vipshop for price irregularities in Beijing’s latest swipe at e-commerce giants

  • Tmall, JD and Vipshop were each fined 500,000 yuan over pricing irregularities, mirroring other recent fines levied against Chinese tech companies
  • Big Tech companies are facing increasing regulatory scrutiny amid a new antitrust crackdown from Beijing

Topic |   China technology
Singles’ Day is the biggest shopping festival in the world, but China’s market regulator is cracking down on participating companies over what it says are misleading deals promoting goods at higher-than-normal prices. Photo: Xinhua Singles’ Day is the biggest shopping festival in the world, but China’s market regulator is cracking down on participating companies over what it says are misleading deals promoting goods at higher-than-normal prices. Photo: Xinhua
Singles’ Day is the biggest shopping festival in the world, but China’s market regulator is cracking down on participating companies over what it says are misleading deals promoting goods at higher-than-normal prices. Photo: Xinhua
READ FULL ARTICLE