Kul Bhushan · · 1 min readShanghai summons ecommerce firms to prevent price gouging amid pandemic
As many as 12 ecommerce platforms, including the likes of Tencent-backed Meituan and Alibaba’s Ele.me, have received summons from Shanghai’s market regulator over alleged price gouging during the pandemic, Reuters reported.
The regulator has directed the platforms to improve the management of delivery riders and prevent them from raising delivery fees. It also said that new and promotional activities should follow laws and regulations.
Meituan and ele.me have promised to make improvements to help stabilize the prices of groceries, Technode reported.
Shanghai, considered a financial, manufacturing, and shipping hub in China, has been under lockdown for weeks owing to rising Covid-19 cases.
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This morning, JD.com revealed it has set up two warehouses in Shanghai’s Jinshan and Qingpu districts to help provide daily necessities, including baby and maternal products. Last week, the ecommerce firm shipped 100 autonomous vehicles to Shanghai for last-mile deliveries of customer orders.
Editing by Miguel Cordon and Lorenzo Kyle Subido
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