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China’s market regulator fines 5 platforms over price war to grab share Zhang Dan and Yang Kunyi Published: Mar 03, 2021 08:38 PM A resident selects vegetables at a supermarket in Xiangfang District of Harbin, northeast China s Heilongjiang Province, Jan. 30, 2021. Price and supply of daily necessities are stable in Harbin amid the ongoing COVID-19 pandemic, local authorities told a press briefing here on Saturday. (Xinhua/Wang Jianwei) China s State Administration for Market Regulation (SAMR) fined five community group-buying online platforms on Wednesday citing improper price competition practices, a move that shows the country s strengthening supervision of emerging online businesses and efforts to deter technology giants from becoming monopolistic in their businesses.

Chen danzhouXinhua wang jianweiChengxin youxuanInstitute of technologyEconomic operation associationChina state administration for market regulationXiangfang districtHeilongjiang provinceWang jianweiState administrationMarket regulationDidi owned chengxin youxuanDuo maicaiMeituan selectGlobal timesTian yun