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