GeneralBearishBlockonomi · 4h ago6/10
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Alibaba (BABA) and JD.com Hit with Regulatory Penalties Over Deceptive Subsidy Claims
Chinese regulators penalized Alibaba and JD.com for deceptive marketing during the 618 shopping festival, claiming subsidies of 10 billion yuan that did not materialize as advertised. The enforcement action triggered a 6% stock decline for both e-commerce giants and signals increased regulatory scrutiny of misleading promotional practices in China's retail sector.