News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
7 CN E-commerce Platforms Say They Sincerely Accept Penalties by Regulators, Pledge to Firmly Fulfill Food Safety Responsibilities
China’s State Administration for Market Regulation (SAMR) imposed administrative penalties on seven leading e-commerce platforms, including PDD (PDD.US), MEITUAN-W (03690.HK)...
Reset
Send
The window will close in 5 seconds
7 CN E-commerce Platforms Say They Sincerely Accept Penalties by Regulators, Pledge to Firmly Fulfill Food Safety Responsibilities
Close
Recommend
37
Positive
45
Negative
24
 
SHORT SELL
 
STOCK INFO
aacat by AASTOCKS
Open a new trading account to get NVDA share!

China’s State Administration for Market Regulation (SAMR) imposed administrative penalties on seven leading e-commerce platforms, including PDD (PDD.US)      , MEITUAN-W (03690.HK)  +1.300 (+1.527%)    Short selling $475.81M; Ratio 22.420%   , JD-SW (09618.HK)  +0.600 (+0.490%)    Short selling $151.42M; Ratio 25.584%   , Ele.me (Taobao Instant Commerce), Douyin, Taobao and Tmall, over a series of "ghost delivery" cases.

The regulator ordered rectification of illegal activities, suspended the addition of new cake shops for periods ranging from three to nine months, and imposed confiscations and fines totaling RMB3.597 billion. In addition, a combined fine of RMB19.6874 million was levied on the legal representatives and food safety directors of the seven platform companies.

Related News G Sachs Lists Major Southbound Trading Net Buys and Net Sells in Hong Kong Stocks Last Week (Table)
MEITUAN responded that it will implement rectification measures in accordance with food safety regulatory requirements, comprehensively enhance governance capabilities, and, under the guidance of regulators at all levels, resolutely crack down on illegal activities.

JD said it fully accepts and firmly supports the food safety regulatory requirements of the regulator. The company will continue to upgrade technological tools, optimize review mechanisms, reinforce primary responsibilities, and ensure food safety and quality.

Ele.me (Taobao Instant Commerce) stated that it will resolutely implement the relevant administrative penalty decisions, conduct comprehensive inspections in line with food safety regulatory requirements, enforce strict governance, and carry out ongoing and normalized compliance initiatives and rectification work, in order to eradicate the breeding ground for illicit activities and effectively safeguard food safety.

Related News JPM: Fines on Mainland "Ghost Kitchens" Manageable, Support Higher Order Quality Across Industry
Taobao and Tmall stated that it will resolutely implement the relevant administrative penalty decisions, conduct comprehensive inspections in accordance with food safety regulatory requirements, enforce strict governance, and continue normalized compliance development and rectification efforts, in order to eliminate the breeding ground for illicit activities and effectively safeguard food safety.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-21 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

Auto-translated by AI
View Original Text

AASTOCKS Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.