China Regulator Fines Vipshop 3 Million Yuan for Unfair Competition Following Probe

Feb 08, 2021

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*Following an investigation, SAMR said Vipshop violated laws prohibiting unfair competition. (Source: iwangshang)*

Chinese market regulators on Monday issued a 3 million yuan ($464,000) fine to online discount retailer Vipshop Holdings Ltd for unfair competition.

Following an investigation launched in early January, Vipshop was found to have developed an “…

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