CHINA FINES ALIBABA, PDD $528M FOR FOOD SAFETY LAPSES
■ AI-SUMMARIZED FROM 2 SOURCES ▸ TIMELINE
Chinese regulators levied a combined $528 million in fines against leading food delivery platforms including Alibaba, PDD Holdings, and Meituan for failing to properly vet merchants. The penalty marks the largest sector fine since the 2015 food safety law.
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