LONDON (Alliance News) - Chinese eCommerce provider JQW PLC said Monday that it has been fined CNY18,000, about GBP1,800, and given a penalty of a one-month suspension of operations for violations of Chinese advertisement law, advertisement management regulations and the prohibition of pyramid selling regulations.
The penalties follow an investigation into the company's operations by the local Administration of Industry and Commerce after a complaint from the public that some advertisements on its business-to-business website platform violated advertisement regulations.
JQW said the violations of advertising regulation arise from client websites that it hosts on www.jqw.com, and as a result, the website has been suspended for a month.
JQW said it is reviewing its internal controls and procedures to monitor client websites for potential breaches of regulation, and is working with the administration to ensure all of its client websites are fully compliant so that the suspension can be lifted at the end of the one month period.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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