The Chinese government has fined companies under the largest Alibaba Group for improper price-fixing during large-scale discount sales by online shopping companies called "Single's Day". ..
The Chinese government has recently tightened regulations on giant IT companies, and this disposition seems to be part of that.
On the 30th, the Chinese government is a company under the largest Alibaba Group, saying that it has unfairly price-fixed during a large-scale discount sale called "Single's Day" held by online shopping companies on November 11 every year. Announced that it has fined about 8 million yen in Japanese yen for companies under the umbrella of "Kyoto", which is the second largest in the industry.
According to the announcement, before the sale, the price was raised once to make the discount amount look big, or false advertisement was made.
The scale of sales on Singles' Day is expanding year by year, and competition among companies is intensifying. This is the case with Alibaba Group alone, and the transaction amount including the sale that was carried out ahead of schedule is about 7 trillion yen. It amounted to 900 billion yen.
On the other hand, the Chinese government has recently tightened regulations on giant IT companies that are becoming more influential, and this disposition seems to be part of that, and even the overheating of the biggest event for online shopping companies has been nailed. It is a shape.