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Chinese Authorities to Release Group Buy Regulations

Beijing Business Today, 10/19/11

An industry source has revealed that China's State Administration for Industry and Commerce (SAIC) is preparing to release regulatory measures for the group buy industry, and that the new set of policies is now in the final stage of research. The source said that representatives from nearly all major group buy sites have been invited to a high-level meeting with SAIC tomorrow to discuss the proposed group buy regulatory policies and offer feedback.

Keywords: B2C Internet SAIC e-commerce regulation group buying

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