Tag: #nice tuan

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Alibaba-backed Nice Tuan Issued 1.5 Million Yuan Fine and Suspension after Failing to Correct “Improper Pricing Behavior”

Chinese regulators imposed the maximum penalty of 1.5 million yuan ($235,257) on Alibaba-backed community group-buying platform Nice Tuan after the company failed to rectify product dumping and pricing fraud.

5/28/20214 min read

#Featured #group buying platform

Industry

Community Group Buying Platform Nice Tuan Shrinks

Community group buying platform Nice Tuan had shut down all of its operations in cities across the country. The company has entered an aftermath stage in which it is dealing with payments to suppliers and settlements with employees.

3/28/20223 min read

#group buying platform #nice tuan