China’s cyberspace authority said on Saturday it would introduce new regulations to regulate pricing on internet platforms effective from April 10.
The rules, among other things, reiterate that platform owners must not use means like…
Tech
China issues new rules to regulate internet platform pricing
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Synopsis
China will bring in new rules from April 10 to control pricing practices on online platforms. The regulations ban tactics such as higher fees or search penalties to force sellers to cut prices. Despite this, major ecommerce firms continue price wars, hurting merchants even as consumers benefit.
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