Temu, AliExpress Under Investigation in South Korea [Yahoo! Finance]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
Last alibaba group holding limited american depositary shares each representing eight ordinary share earnings: 2/13 06:45 am
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Source: Yahoo! Finance
According to Pulse News, a South Korean business publication, South Korea's Fair Trade Commission (FTC) has begun investigating the two companies, owned by PDD Holdings and Alibaba Group, respectively. More from Sourcing Journal Sustainable Fashion Forum Lays Out Challenges Ahead Happy Returns Lets Shein Shoppers Return Purchases in Forever 21 Stores EU's New Designation for Shein Gives It Stricter Marketplace Rules Pulse News reported the investigations will analyze both companies' terms and conditions to determine whether they infringe on consumers' privacy by collecting and distributing information about them unnecessarily. In April, The Korea Times reported that South Korea's watchdog had also opened an investigation into Temu over false advertising and other unfair business practices. It will also focus on whether Temu appropriately protects its consumers in South Korea. According to KED Global, a South Korean news outlet, as of March, AliExpress had nearly 9 milli
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