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CAC: Platforms Like AUTOHOME-S Conduct Irregular Evaluations, Disrupting Auto Mkt Order
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AUTOHOME-S (02518.HK) opened 2.18% lower today, and cascaded 4.18% to close at $44.04 at noon. Trading volume was 3,300 shares, involving $146,500. The Cyberspace Administration of China (CAC), in collaboration with the Ministry of Industry and Information Technology (MIIT) and other departments, recently focused on prominent issues such as inciting group conflict, hyping up negative topics and conducting irregular evaluations, according to Chinese media. The authorities have been deeply engaged in a special rectification of internet chaos in the auto industry, and dealt with a batch of illegal and non-compliant accounts according to law and regulations. Of which, vertical auto platforms like AUTOHOME-S and Pcauto conducted irregular evaluation projects such as 'winter test'. They published overgeneralized auto evaluation information through related accounts, misleading the public's perception of areas such as auto product quality and functional performance. AASTOCKS Financial News Website: www.aastocks.com |
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