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China’s two largest quick video-sharing app operators, Douyin and Kuaishou Know-how, have every been slapped with a 200,000 yuan (US$31,088) advantageous by regulators for publishing a controversial micro mortgage commercial that inspired “extreme consumption”, in keeping with authorities information.The fines have been handed on October 11 by a department of the State Administration for Market Regulation (SAMR), within the Haidian district of Beijing, for violating China’s promoting legislation, which bans campaigns…
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