China's SAMR says they are to guide platforms to lower commissions merchants pay
China's State Administration for Market Regulation (SAMR) is stepping in to direct platforms to reduce the commissions charged to merchants.
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China's SAMR says they are to guide platforms to lower commissions merchants pay
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This move is important as it signals a push towards lowering business costs, potentially enhancing market competition and consumer prices, but it may also imply tighter regulatory oversight on e-commerce platforms going forward.
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