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, […]
Category: Law & Regulation
China is set to implement a landmark regulation next month that aims to protect the basic rights of its rapidly growing cohort of older workers, reports Caixin. The move, analysts say, will significantly reshape relations between employers and senior staff, but could also drive-up business costs and trigger a temporary hiring contraction for older employees. The […]
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 […]
EU investigates JD.com’s $2.6 BN bid for Germany’s Ceconomy The European Commission is launching an in-depth investigation into Chinese e-commerce giant JD.com’s €2.2 billion ($2.6 billion) bid to acquire German electronics retailer Ceconomy, reports the South China Morning Post. This comes amid mounting tensions between Brussels and Beijing. A preliminary investigation showed that the Chinese firm could have received […]
Leading Chinese autonomous driving startups are expanding their robotaxi fleets despite a temporary regulatory tightening sparked by a mass vehicle failure in March, reports Caixin. Pony.ai reported a fleet of more than 1,700 vehicles as of May 24, up by roughly 250 cars from two months earlier. The company also upgraded its 2026 fleet target from […]