{"id":10235,"date":"2021-05-28T02:49:30","date_gmt":"2021-05-28T02:49:30","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=10235"},"modified":"2021-05-28T02:49:30","modified_gmt":"2021-05-28T02:49:30","slug":"alibaba-backed-group-buying-platform-nice-tuan-fined-1-5-million-yuan-for-failing-to-take-action-over-its-market-behaviour","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=10235","title":{"rendered":"Alibaba-backed group buying platform Nice Tuan fined 1.5 million yuan for failing to take action over its market behaviour"},"content":{"rendered":"<p>Source: South China Morning PostAlibaba Group Holding-backed community group buying platform Nice Tuan was fined 1.5 million yuan (US$235,000) by China\u2019s market regulator for failing to take action over product dumping practices and pricing fraud.The State Administration for Market Regulation (SAMR) ordered the platform to suspend business operations in Jiangsu province for three days starting Friday for \u201cfailing to correct\u201d monopolistic behaviour, although the company claimed it has taken steps to rectify such behaviour.\u201cIn\u2026<a href=\"https:\/\/www.scmp.com\/tech\/policy\/article\/3135146\/alibaba-backed-group-buying-platform-nice-tuan-fined-15-million-yuan\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: South China Morning PostAlibaba Group Holding-backed community group buying platform Nice Tuan was fined 1.5 million yuan (US$235,000) by China\u2019s market regulator for failing to take action over product&hellip; <\/p>\n","protected":false},"author":0,"featured_media":10236,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/10235"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10235"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/10235\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/media\/10236"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10235"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}