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PDD, Meituan, JD, 4 Other E-commerce Platforms Fined RMB3.597B over 'Ghost Takeaway' Cases
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China's State Administration for Market Regulation (SAMR) today (17th) imposed administrative penalties on seven e-commerce platforms in connection with a series of "ghost takeaway" cases, according to Xinhua News Agency. The regulator ordered the seven platforms to rectify their illegal conduct, suspend the addition of new cake shops for 3-9 months, and imposed total confiscations and fines amounting to RMB3.597 billion. In addition, the legal representatives and food safety directors of the seven platform companies were fined a combined RMB19.6874 million. The seven e-commerce platforms include Shanghai Xunmeng Information Technology Co., Ltd. (literal translation of "上海尋夢資訊技術有限公司") (PDD (PDD.US)), Beijing Sankuai Technology Co., Ltd. (MEITUAN-W (03690.HK)), Beijing JD 360 Buy E-commerce Co., Ltd. (JD-SW (09618.HK)), Shanghai Lazhasi Information Technology Co., Ltd. (formerly Ele.me, now Taobao Instant Commerce). Auto-translated by AI AASTOCKS Financial News |
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