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<Research>Citi: CN Addressing 'Ghost Takeaway' Issues Eases Regulatory Uncertainty
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China's State Administration for Market Regulation announced on April 17 that it had imposed total fines of RMB3.6 billion on seven e-commerce platforms, including BABA-W (09988.HK), Douyin, PDD (PDD.US), MEITUAN-W (03690.HK), and JD-SW (09618.HK), over food safety violations, according to a Citi research report. Citi considers this move reasonable and manageable. It should also be viewed as a positive development, as it helps eliminate and ease regulatory uncertainty. The broker expects the enforcement action to prompt these platforms to further enhance food safety controls and product review capabilities, contributing to a safer and more reliable marketplace for consumers. Auto-translated by AI AASTOCKS Financial News |
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