China Tech Digest: China Fines Three E-Commerce Firms, SMIC Reported To Receive License For Mature Processes
Total0 The State Administration of Market Supervision gives penalty to JD, Tmall, and Vipshop for improper price behavior In response to the strong feedback from consumers before and after the "Double Eleven" shopping festival, the State Administration of Market Supervision has dealt with JD.com, Tmall and Vipshop a penalty decision on December 24, 2020 in accordance with Article 40 of the Price Law and Article 7 of the Provisions on Administrative Penalties for Price Illegal Acts. The enterprises were imposed administrative penalties of RMB500,000 yuan each. The three e-commerce companies w...
Source: chinamoneynetwork.com