China slaps US$3.7 million fine on Kuaishou over live-streaming e-commerce violation

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Chinese regulators fined Kuaishou Technology's unit, Chengdu Kuaigou Technology, 26 million yuan (US$3.7 million) for violations in its live-streaming e-commerce operations. The State Administration for Market Regulation (SAMR) cited seven breaches, including inadequate consumer protection, failure to disclose information, and charging unreasonable fees. The investigation, which began in September, is part of a broader regulatory effort to address "chaotic practices" in the live-streaming e-commerce sector. Kuaishou's unit stated it accepted the penalty and will comply with regulations, enhance regulatory standards, and improve services. The SAMR made public a string of similar live-streaming e-commerce cases on Friday.
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