Source: Tech – South China Morning PostChina’s two largest short video-sharing app operators, Douyin and Kuaishou Technology, have each been slapped with a 200,000 yuan (US$31,088) fine by regulators for publishing a controversial micro loan advertisement that encouraged “excessive consumption”, according to government records.The fines were handed on October 11 by a branch of the State Administration for Market Regulation (SAMR), in the Haidian district of Beijing, for violating China’s advertising law, which bans campaigns…Read More