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China proposes rules to punish illegal e-commerce pricing

Reuters2021-07-02

BEIJING, July 2 (Reuters) - China's market regulator issued draft rules on Friday to punish illegal pricing activities, including heavy subsidies and the practice by online platforms of charging different prices based on a customers' purchasing behaviour.

Violation of the rules could incur a fine of 0.1% to 0.5% of a business' annual sales or even suspension of operations, according to a statement from the State Administration for Market Regulations $(SAMR.SI)$.

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Comment7

  • patricklowck
    ·2021-07-03
    So stock price will drop as a result?
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  • SaveHK
    ·2021-07-02
    Beware of trap..it will kill you?
    Reply
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  • Lyncia
    ·2021-07-02
    Hmm
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  • Ricochet
    ·2021-07-02
    It's a good move.
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  • cHao7
    ·2021-07-02
    Like and comment
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  • Like my comments if u think China e commence is the future. Gogo china 
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  • huijingy
    ·2021-07-02
    Wow . Like my comment. Thanks 
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