Trip.com Group, China’s largest online travel agency, says it expects second-quarter revenue growth to be the slowest in more than three years and warns of a “significant fine” from an ongoing antitrust probe by the country’s top market regulator, reports the South China Morning Post. The company reported on Thursday that first-quarter revenue rose 17% to RMB […]
Category: Consumer
Chinese authorities have summoned representatives of US-based membership-only retailer Sam’s Club for a “formal accountability interview” in response to “frequent food safety issues”, reports the South China Morning Post. According to a notice from the State Administration for Market Regulation (SAMR), the Walmart-owned supermarket chain was urged to “prioritize food safety, strictly fulfil social corporate responsibilities, […]
Beijing’s market regulator has summoned major e-commerce platforms including Taobao, Tmall and JD.com over excessive competition during the ongoing “618” shopping festival, reports Caixin. On Thursday, the Beijing Municipal Administration for Market Regulation held talks with Taobao, Tmall, JD.com, Pinduoduo, Douyin and Xiaohongshu, where the regulator showed a batch of systemic problems uncovered during its ongoing […]
Fast-fashion giant Shein faces a combined fine of nearly 22.5 million euros ($26 million) from French authorities for violating consumer protection and environmental rules, reports Caixin. France’s Directorate General for Competition, Consumer Affairs and Fraud Control (DGCCRF) announced on Wednesday that it penalized the e-commerce company over issues related to its return policies, product information disclosure, […]
Chinese online retailer Temu has been fined €200 million ($232 million) for not doing enough to stop the sale of illegal products, reports Reuters. Further penalties could follow in the coming months as a result of a nearly two-year investigation under the Digital Services Act that requires large online companies to do more to tackle illegal […]