Beijing Steps In To Stop Brutal Online Discount Wars - Alibaba Gr Hldgs (NYSE:BABA), JD.com (NASDAQ:JD), Meituan (OTC:MPNGY)

Beijing Steps In To Stop Brutal Online Discount Wars - Alibaba Gr Hldgs (NYSE:BABA), JD.com (NASDAQ:JD), Meituan (OTC:MPNGY)

China rolled out sweeping new rules on Wednesday to rein in aggressive competition in e-commerce, banning major platforms such as Alibaba Group Holding Ltd. (NYSE:BABA) from forcing online merchants into promotions or deep discounts. The regulations, which take effect in February, follow repeated warnings from Beijing to Alibaba, JD.com Inc. (NASDAQ:JD), and Meituan (OTC:MPNGY) to stop pressuring sellers with pricing tactics that regulators say …

China targets e-commerce battles in latest price war salvo

New regulations ban major platforms like Alibaba from coercing online merchants into promotions. Read more at straitstimes.com.

Beijing Steps In To Stop Brutal Online Discount Wars

China rolled out sweeping new rules on Wednesday to rein in aggressive competition in e-commerce, banning major platforms such as Alibaba Group Holding Ltd. (NYSE:BABA) from forcing online merchants into promotions or deep discounts. The regulations, which take effect in February, follow repeated…

China presents measures for protection of online consumers

China will bar online platforms from using big data to engage in discriminatory pricing against frequent customers, as officials presented new measures for the regulation of the platform economy on Wednesday.

China Issues New Measures to Regulate Online Platform Rules, Crack Down on “Discrimination Against Loyal Customers” - YT FINANCE

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