Kuaishou's e-commerce unit fined $3.8 million by Chinese regulator
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Kuaigou, an e-commerce unit of Kuaishou Technology, has been fined 26.7 million yuan ($3.84 million) by China's market regulator for several illegal acts, including charging unreasonable fees, failing to protect consumers, and facilitating misleading marketing practices. The fine follows a probe initiated in September, which uncovered issues like false marketing and counterfeit products. Kuaigou has stated it will comply with the regulator's decision and improve its operations to better serve consumers.
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