BEIJING: China’s market regulator said on Dec 30 it has fined JD.Com Inc, Alibaba’s Tmall and Vipshop 500,000 yuan (RM308,798) each for irregular pricing.
The State Administration of Market Regulation (SAMR) said in a social media post that it had taken the decision after it received consumer complaints over the companies’ pricing strategies related to Nov 11 shopping events.
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