China's Top Macro-Economic Planner to Release Blacklist of Dodgy E-Commerce Platforms Ahead of Single's Day Online Shopping Frenzy
Zhang Xia
/SOURCE : Yicai
China's Top Macro-Economic Planner to Release Blacklist of Dodgy E-Commerce Platforms Ahead of Single's Day Online Shopping Frenzy

(Yicai Global) Nov. 1 – China's top macro-economic planner National Development and Reform Commission (NDRC) is now working with other departments to exercise special governance on serious dishonesty in e-commerce and will release a blacklist around Nov. 11, when the electronic commerce frenzy, China's Single's Day shopping, kicks off.

NDRC held a meeting on electronic commerce credit construction yesterday, during which it reviewed a number of proposals about regulating e-commerce and issued a special document to offer a guideline for members of the Internet Society of China (ISC) and all major e-commerce platforms, including Alibaba Group Holding Ltd. [NYSE:BABA], Tencent Holdings Ltd. [HKG:0700], Baidu, Inc. [NASDAQ:BIDU], JD.Com Inc. [NASDAQ:JD], Beijing Sankuai Technology Co. (Meituan) and Guangzhou VIP Information Technology Co.

NDRC also organized a third-party institution to perform data track, assessment and analysis to follow the commitment of all major electronic commerce platforms during the festival, and engaged a credit service agency to monitor the creditability of electronic commerce platforms in terms of product quality, product sales and service, product price and logistics in a bid to help improve credit records of electronic commerce.

So far, some 6,440 enterprises have been named on a blacklist shared on the national credit information sharing platform, 500 of which have been announced on creditchina.gov.cn as the first batch.

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Keywords: Electronic Commerce , Blacklist