China slaps US$3.7 million fine on Kuaishou over live-streaming e-commerce violation

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...