China’s market regulator said on Wednesday it has fined JD.Com Inc 9618.HK, Alibaba’s 9988.HK Tmall and Vipshop VIPS.N 500,000 yuan ($76,657) each for irregular pricing.
The State Administration of Market Regulation (SAMR) said in a social media post that it had taken the decision after it received consumer complaints over the companies’ pricing strategies related to Nov. 11 shopping events.
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