SAIC regulates online group buying
March 29, 2012 | BY
clpstaff &clp articles“Ke jixu goumai” (“The deal is on”) is the phrase that spurs Chinese consumers to use online group buying websites. The SAIC is taking action to regulate this rapidly expanding market that has led to fraud, fake products and price hikes
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The Opinions on Strengthening the Administration of Online Group Purchase Activities (关于加强网络团购经营活动管理的意见) appeared on the website of the State Administration for Industry and Commerce (SAIC) on March 14.
“These measures are unlikely to have an immediate effect on banning fraud and fake products, though they could well help to encourage consumers to make complaints if they feel their rights are infringed,” said Maarten Roos, partner at R&P China Lawyers in Beijing.