China Proposes Sweeping E-Commerce Law Overhaul After Fining Tech Giants $528 Million
China's market regulator and Ministry of Commerce opened public comment on a 20-provision E-Commerce Law amendment that widens oversight far beyond platforms and merchants. The move follows $528 million in fines against Alibaba, JD.com, PDD and ByteDance over a subsidy price war that cost the industry nearly $20 billion in losses.