Pakistan, April 17 -- China has imposed massive fines worth 3.6 billion yuan, approximately $527 million, on seven major e-commerce and food delivery platforms over widespread food safety violations. Moreover, the action was announced by the State Administration for Market Regulation after investigations revealed serious regulatory failures in online food operations. As a result, major digital platforms faced strict penalties for allowing unverified vendors to operate within their systems.
The penalized companies include major players such as Alibaba-owned Taobao, JD.com, Meituan, Pinduoduo, and Douyin, which is China's version of TikTok. In addition, regulators found that these platforms failed to properly verify restaurant licenses bef...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.