China's State Administration for Market Regulation (SAMR) has imposed fines exceeding 3.6 billion yuan (approximately US$527.3 million) on seven prominent e-commerce and food delivery platforms, including Pinduoduo, Meituan, and JD.com. This decision was announced on Friday following an investigation that revealed these companies had inadequately verified the licenses of food vendors and permitted unverified "ghost" catering services to operate on their platforms. The regulatory action underscores the government's commitment to ensuring food safety and compliance within the rapidly growing online food service industry.
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