Chinese regulators fined five leading online grocery apps owned or backed by some of China’s largest tech giants including Meituan, Pinduoduo, Didi Chuxing, Alibaba and Tencent, citing “improper pricing that disrupts market order.” Regulators say that some platforms have taken advantage of their size and resources to launch a subsidy war for online groceries, which had a negative impact on...
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Data Show TikTok Shop Relies on Indonesia, Where Business Is Threatened
TikTok just cannot escape government scrutiny. Even as the hugely popular ByteDance-owned app expands in the U.S. despite a persistent threat of a ban, the Indonesian government has decided on a new regulation to ban online shopping on social media. That would hobble TikTok’s fast-growing shopping service in Indonesia, which is the single biggest market for TikTok Shop, as the service is...
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