China Cracks Down on Unfair E-commerce Competition
hitechexpert.topChina’s Ministry of Commerce and six other departments have announced a new initiative, the “Quality E-commerce Five Optimizations” (五优) action plan, aimed at curbing disorderly and irrational competition within the e-commerce sector.
This move signifies a strong push towards standardizing and elevating the quality of online retail in the country. Standardizing E-commerce Practices A core component of the new plan involves enhancing the e-commerce standard system.
