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Chinese Firms Ant Group, Tencent Hit with Hefty Fines for "Illegal Acts" as Crackdown Draws Close - Vimarsana News

Chinese Firms Ant Group, Tencent Hit with Hefty Fines for "Illegal Acts" as Crackdown Draws Close

Chinese regulators fine Ant Group USD 1 bn for illegal acts while Tencent affiliate receives $415 million penalty. Tech crackdown in the country nearing end

Source: news18.com
Beijing pushes new regulatory measures to boost e-commerce activities in nation's capital as online retailers struggle with weak demand - Vimarsana News

Beijing pushes new regulatory measures to boost e-commerce activities in nation's capital as online retailers struggle with weak demand

The initiative is expected to make it easier for online merchants to set up bricks-and-mortar stores in the Chinese capital to help increase sales, while boosting ‘flexible employment’ in the sector.

Source: scmp.com