Douyin and Kuaishou Fined $31,110 for Promoting Overconsumption
According to Qichacha, Beijing Kuaishou Technology Co., Ltd., and Beijing Microlive Vision Technology Co., Ltd., an affiliated company of Douyin, were fined 200,000 yuan ($31,110) for violating Chinese advertising laws. The penalty dolled out to the companies was given by the Beijing Haidian Administration for Market Regulation.
Both companies were fined…
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