China fines JD.com, Tmall and Vipshop for irregular pricing

A logo of JD.com is seen on a helmet of a delivery man in Beijing, China.

China’s market regulator said on Wednesday it has fined JD.Com Inc, Alibaba’s Tmall and Vipshop 500,000 yuan (an equivalent of $76,656.55) each for irregular pricing.

The State Administration of Market Regulation said in a social media post that it had taken the decision after it received consumer complaints over the companies’ pricing strategies around November 11 shoping events.

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