News Snapshot:
• 3 mins read Share Chinese internet companies were ordered to correct malpractices and pledge in written statements that they will operate legally. The State Administration for Market Regulation (SAMR), Cyberspace Administration of China, and State Taxation Administration summoned 34 internet companies to urge them to reference Alibaba’s case and correct their anti-competition practices, according to a post on SAMR’s website on Tuesday. These companies are iQiyi, Baidu, Beike, Didi, Dangdang, Dmall, JD.com, Kuaishou, Meituan, MissFresh, Qihoo 360, Qunar, Sogou, Weidian, 58.com, Weibo, ByteDance, Bilibili, Dingdong Maicai, Ele.me, Gome, Hema, Pinduoduo, Trip.com, Xiao Hong Shu (also known as Red), China...
