China proposes rules to punish illegal e-commerce pricing


China proposes rules to punish illegal e-commerce pricing

China‘s market regulator issued draft rules to punish unlawful pricing actions, together with heavy subsidies and the apply by on-line platforms of charging totally different costs based mostly on a prospects’ buying behaviour.

Violation of the principles may incur a high-quality of 0.1% to 0.5% of a enterprise’ annual gross sales and even suspension of operations, in response to an announcement from the State Administration for Market Rules (SAMR).

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