Alibaba dropped 6.5% and JD.com fell nearly 6% after Beijing regulators summoned five major platforms over misleading 618 festival promotions.

Market regulator orders Taobao, JD.com, Pinduoduo, Douyin and others to halt non-compliant behavior including false advertising during the ongoing ‘618’ shopping festival

Chinese e-commerce giants Temu and JD.com were among five major platforms summoned for talks over misleading advertising on Thursday, Beijing's market watchdog said.

Beijing regulators have summoned five major Chinese e-commerce platforms — Taobao/Tmall, JD.com, Pinduoduo, Douyin and Xiaohongshu — over alleged

Officials summoned Alibaba, JD.com, Pinduoduo, Douyin and RedNote over marketing practices, underscoring official concern about subsidy wars.

Alibaba dropped 6.5% and JD.com fell nearly 6% after Beijing regulators summoned five major platforms over misleading 618 festival promotions.

BEIJING, June 11 — Chinese e-commerce giants Pinduoduo and JD.com were among five major platforms summoned on Thursday for talks over misleading advertising, Beijing’s market...

Alibaba (BABA) stock slips 4.51% to $110.18 premarket as an intense regulatory holiday crackdown clashes with an official U.S. Pentagon military-linked blacklist.

Chinese e-commerce stocks declined after Beijing warned major platforms over misleading sales tactics during the 618 shopping festival.

Beijing’s market regulator summoned Taobao, JD.com, Pinduoduo, Douyin, and Xiaohongshu on June 11 over deceptive promotional practices. The agency cit…