State Administration for Market Regulation

China’s tax agency cracks down on influencers, online merchants amid shrinking revenue

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China’s tax agency cracks down on influencers, online merchants amid shrinking revenue

China’s tax authority on Friday published a draft regulation that would require the operators of e-commerce, short-video and social media platforms to report the income of merchants and influencers. Under the current draft, which is soliciting public feedback until January 19, internet platform operators must report the identity, income and other tax-related information about revenue-generating … Read more

China’s food delivery platforms enforce breaks for riders clocking more gig economy hours

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China’s food delivery platforms enforce breaks for riders clocking more gig economy hours

China’s two major on-demand delivery service providers, Meituan and Ele.me, have introduced new features that alert or forcibly log out couriers who work excessively long hours, aiming to prevent rider fatigue. In a similar system imposed on China’s long-haul truck drivers, Meituan has been piloting a “fatigue management” system in select cities. This system detects … Read more

Why Beijing has put e-commerce sector’s ‘refund-only’ policy and PDD under scrutiny

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Why Beijing has put e-commerce sector’s ‘refund-only’ policy and PDD under scrutiny

The “refund-only” policy in China’s e-commerce sector – where consumers can get back money for goods bought from merchants, without returning the products – is now under scrutiny, as analysts point to how the practice has been abused in the local market. China’s market regulator has directed PDD Holdings, operator of popular budget-shopping platforms Pinduoduo … Read more

China market watchdog launches probe into US semiconductor giant Nvidia

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China market watchdog launches probe into US semiconductor giant Nvidia

The action is an apparent response to Washington’s tightened chip restrictions against China. Read original article here Denial of responsibility! Pioneer Newz is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If … Read more

China imposes new cooking oil transport rules after fuel tanker scandal

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China imposes new cooking oil transport rules after fuel tanker scandal

Bulk containers used to transport vegetable oil in China must be for food use only and clearly labelled as such from February, according to new national regulations introduced in response to a cooking oil scandal earlier this year. Under hygiene standards released last month by the State Administration for Market Regulation, cooking oil cannot be … Read more

China chip-packaging giant JCET takes over Shanghai plant of US flash memory maker SanDisk

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China chip-packaging giant JCET takes over Shanghai plant of US flash memory maker SanDisk

Chinese chip-packaging and testing giant Jiangsu Changjiang Electronics Tech (JCET) has completed its acquisition of an 80 per cent equity stake in the Shanghai plant of US flash memory maker SanDisk, the latest example of a transition in the global semiconductor value chain. JCET Management, a subsidiary of JCET, obtained that stake through a joint … Read more

Alibaba looks on course for a turnaround amid renewed investor frenzy for Chinese stocks

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Alibaba looks on course for a turnaround amid renewed investor frenzy for Chinese stocks

“Alibaba may gradually become more attractive to some long-only funds because it is, after all, the largest e-commerce stock in China,” said Shawn Yang, senior analyst at Arete Research. “The expectations of macro improvement may be passed on to these consumer stocks. Alibaba is the largest among them, and its situation is improving.” Alibaba, owner … Read more

Alibaba founder Jack Ma urges business empire to remain steadfast, ‘believe in the future’

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Alibaba founder Jack Ma urges business empire to remain steadfast, ‘believe in the future’

Alibaba Group Holding founder Jack Ma on Tuesday called on employees of the business empire he created in Hangzhou 25 years ago to “believe in the future” and “believe in the market”, as the e-commerce giant faces fierce competition on multiple fronts. According to his letter published on Alibaba’s internal website on Tuesday, marking the … Read more

Tencent’s WeChat requires disclosure of AI-generated content to combat misinformation

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Tencent’s WeChat requires disclosure of AI-generated content to combat misinformation

“If the content is AI-generated, it must be labelled,” WeChat said on Wednesday via its content-security account, Shanhu – the Chinese word for “coral”. The super app, marketed as Weixin on the mainland, will help identify AI-generated content (AIGC) on the platform by displaying the relevant tag at the bottom of a published post. WeChat … Read more

Chinese e-commerce giant JD.com wins antitrust lawsuit against Alibaba, which was ordered by a Beijing court to pay US$141 million in damages

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Chinese e-commerce giant JD.com wins antitrust lawsuit against Alibaba, which was ordered by a Beijing court to pay US1 million in damages

The Beijing High People’s Court on Friday ruled that Alibaba, owner of the South China Morning Post, “abused its market dominance” and conducted the monopolistic tactic known as “ picking one from two”, which caused damage to JD.com’s business, according to a statement released on the same day by the Beijing-based online retailer. JD.com hailed … Read more