China

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Top e-commerce platforms and livestreamers pledge to ‘rectify’ practices after criticism from consumer rights authority

Taobao, Pinduoduo, JD.com, Kuaishou, and Douyin were all targets of an investigation that began in November.

2 mins read

2021 was a year of significant changes for the people behind some of China’s most influential companies.
Insights
The movers and shakers in China’s tech scene (part 1) | KrASIA Year in Review
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Read our reporters’ recaps of 2021.
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Daily Digest | Our year in review
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Gamers can no longer access their previously purchased titles.
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Chinese regulators ban game distributor Steam citing ‘unlawful behaviors’
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Meet Indonesia’s latest F&B unicorn.
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The recent offering pits Kuaishou against Douyin as short video platforms facilitate sales for retail and F&B businesses.
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Kuaishou launches Meituan mini program for meal deliveries and consumer services
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Read about startups that pitched at the Alibaba Cloud x KrASIA Global Startup Accelerator Online Hong Kong Demo Day.
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Daily Digest | Key contenders
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Stakeholders sold the shares three days after Zhihu’s representatives were summoned by regulators.
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Investors offload stakes in Zhihu after regulator issues directive to ‘rectify’ business
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This will be the largest shareholder dividend ever issued by a Chinese internet company.
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Tencent reduces its stake in JD.com by distributing most of its holdings to shareholders as dividends
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