Fei Dad

Main Menu

  • Home
  • Unit Investment Trust
  • Model
  • Monopolistic
  • Lorenz Curve
  • Finance

logo

Fei Dad

  • Home
  • Unit Investment Trust
  • Model
  • Monopolistic
  • Lorenz Curve
  • Finance
Monopolistic
Home›Monopolistic›Alibaba and Meituan singled out for fake reviews

Alibaba and Meituan singled out for fake reviews

By Shanta Harris
July 23, 2021
14
0
Share:

What’s up: China’s market regulator has singled out more than 10 internet companies for criticism of unfair competition in the form of fake reviews and other ersatz information designed to gain consumer trust.

According to the list posted on the WeChat public account of the State Administration for Market Regulation, the list of companies named for violations included the application of reviews of Dianping restaurants owned by Meituan, as well as the e-commerce site Tmall. from Alibaba and its rival JD.com.

The message stated that the violators had infringed consumers’ rights to make informed choices and had undermined fair competition and market order.

Background: The latest move is part of a wider crackdown on internet companies by Chinese regulators in an attempt to clean up an industry where practices such as posting bogus reviews and misuse of user data are common, often at to the detriment of consumers.

One of the most important elements of this campaign saw the market regulator crack down on the biggest internet companies for abusing the size of their market to engage in monopolistic behavior.

The biggest action in this campaign came in April when Alibaba was fined a record 18 billion yuan ($ 2.8 billion) for its practice of forcing its e-commerce merchant partners to work exclusively. with it, effectively prohibiting them from simultaneously working with rivals like JD. com or Pindouduo.

Quick Takes are condensed versions of stories related to China for quick news that you can use. To read the full story in Chinese, click here.

Contact reporter Yang Ge ([email protected]) and editor Joshua Dummer ([email protected])

To download our app for getting late-breaking alerts and reading news on the go.

To have our free weekly newsletter must read.


Source link

Related posts:

  1. The place did my fish go?
  2. SMEs to spice up China’s financial restoration
  3. Two 2021 classes: the federal government urged to struggle the housing disaster
  4. Senator Amy Klobuchar Plans to Maintain Antitrust Subcommittee Hearings on the App Retailer
Previous Article

Tesla (TSLA) raises prices for Model 3 ...

Next Article

Best M1 Mac Mini deals: $ 50 ...

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0
Shanta Harris

Shanta Harris

Related articles More from author

  • Monopolistic

    Cali’s push to get student-athletes paid gets big helpers from SCOTUS, NCAA – Los Angeles Sentinel | Los Angeles ...

    July 8, 2021
    By Shanta Harris
  • Monopolistic

    How much money do people sanctioned by Cofece have to pay for the gentlemen’s agreement in Liga MX

    October 1, 2021
    By Shanta Harris
  • Monopolistic

    Alibaba’s battle for e-commerce dominance takes a conciliatory flip

    March 23, 2021
    By Shanta Harris
  • Monopolistic

    Facebook CTO Mike Schroepfer to step down next year

    September 23, 2021
    By Shanta Harris
  • Monopolistic

    A lot upset with failure of Alabama playing invoice

    March 11, 2021
    By Shanta Harris
  • Monopolistic

    Blue Cross antitrust legal issues persist as settlement denials seek damages

    September 29, 2021
    By Shanta Harris

Leave a reply Cancel reply

  • Unit Investment Trust

    Introducing ITU Investing: the first ITU research platform dedicated to investment professionals

  • Unit Investment Trust

    How To Use Choke-Point Investing | The smartest investor

  • Monopolistic

    Opinion | AT&T’s sorry retirement from digital media

  • TERMS AND CONDITIONS
  • PRIVACY AND POLICY