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China slaps US$3.7 million fine on Kuaishou over live-streaming e-commerce violation (www.scmp.com)

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Chinese regulators have slapped a 26 million yuan (US$3.7 million) fine on a unit of Kuaishou Technology, operator of the country’s No 2 short video platform, over multiple violations and misconduct in its live-streaming e-commerce operations, signalling tighter oversight of this market segment. Chengdu Kuaigou Technology, a unit of Beijing-based Kuaishou, was found to have committed seven breaches including failure to disclose information in accordance with the law, charging unreasonable fees...

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