Community group buying lets residents purchase groceries in bulk via a community leader, but regulators say some businesses are disrupting market prices. Photo: EPA-EFE
Community group buying: Chinese regulators fine businesses tied to Big Tech for price dumping
- The State Administration for Market Regulation accuses tech giants involved in community group buying of price dumping in a bid to dominate the market
- The latest crackdown on Big Tech comes ahead of Beijing’s key political meeting known as the ‘two sessions’
Community group buying lets residents purchase groceries in bulk via a community leader, but regulators say some businesses are disrupting market prices. Photo: EPA-EFE
