After Chinese e-commerce giant Alibaba was subjected to anti-monopoly investigation by China’s General Administration of Market Supervision, Tencent’s well-known e-commerce company Vipshop was subjected to investigation on the 14th for allegedly committing “unfair competition” after being fined last month.
The photo shows Tencent founder Ma Huateng.
The company’s main business is the development of a new product, which is a new product. The company responded on the same day that it will actively cooperate with the investigation of the regulatory authorities.
In fact, as early as December 30 last year, China’s State Administration of Market Supervision issued a notice saying that the three platforms, Beijing Jingdong Century Information Technology Company Limited (Jingdong), Hangzhou Haochao E-commerce Company Limited (Tmall) and Guangzhou Vipshop E-commerce Company Limited (Vipshop), were fined RMB 500,000 (approximately NTD 2.16 million) for “unfair pricing practices”.
According to China’s Sina Finance, since April last year, some merchants responded that Vipshop started to ask merchants to make “either/or” between the company and its competitor “Love Inventory”, making merchants very troubled.
The company has been asking merchants to choose between the company and its competitors since April last year. (diagram)
The company’s website has been in operation for more than 20 years, and the company has been monitoring its products with monitoring software, and once they are found to be listed on Love Inventory, they will immediately take down the products listed on Love Inventory and ask them to say in the group that they “voluntarily give up their cooperation with Love Inventory.
In September, Love Inventory criticized Vipshop directly in a public article, saying that “two-for-one” was a violation of the E-commerce law and that they wanted Vipshop to stop the practice. The affected merchants reached more than 500, with more than 7,000 affected activity slots and a loss of more than 2 billion RMB (about 8.64 billion NTD) in turnover.
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