LINE

    Text:AAAPrint
    Business

    Amazon probes employee fraud, shares decline

    1
    2018-09-19 10:07:56Global Times Editor : Li Yan ECNS App Download

    Amazon stock regained some of its lost ground on Tuesday (U.S. time) after dropping more than 3 percent on Monday amid reports that the company is investigating claims that its employees have taken bribes to delete product reviews and sell internal data on product sales to outside companies.

    According to a report by the Wall Street Journal on Monday, the behavior was particularly common in China, which led to the shuffling of some of local managers.

    Fraudulent behavior by e-commerce platforms is expected to change soon after the approval of China's E-Commerce Law on August 31, Lu Zhenwang, founder of Shanghai Wanqing Commerce Consulting, told the Global Times on Tuesday.

    "Previously, this kind of fraudulent behavior had to be prosecuted under general laws. With the E-Commerce Law, firms will be held more accountable for bad behavior in their operations," said Lu.

    The law, which will come into force on January 1, 2019, explicitly bans deleting product reviews or ratings in e-commerce platforms, and it allows for fines that could go up to 500,000 yuan ($72,811).

    The law also bans the abuse of power, leaking or sale of private information or commercial secrets obtained by employees of e-commerce platforms.

    "We are conducting a thorough investigation of these claims," said Amazon in a statement on the issue. Amazon also vowed in the statement to punish anyone who had engaged in unethical behavior, by means that may include "terminating their selling accounts, deleting reviews, withholding funds and taking legal action."

      

    Related news

    MorePhoto

    Most popular in 24h

    MoreTop news

    MoreVideo

    News
    Politics
    Business
    Society
    Culture
    Military
    Sci-tech
    Entertainment
    Sports
    Odd
    Features
    Biz
    Economy
    Travel
    Travel News
    Travel Types
    Events
    Food
    Hotel
    Bar & Club
    Architecture
    Gallery
    Photo
    CNS Photo
    Video
    Video
    Learning Chinese
    Learn About China
    Social Chinese
    Business Chinese
    Buzz Words
    Bilingual
    Resources
    ECNS Wire
    Special Coverage
    Infographics
    Voices
    LINE
    Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
    Copyright ?1999-2018 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.
    主站蜘蛛池模板: 永寿县| 营山县| 苏尼特左旗| 富民县| 普陀区| 万源市| 孝感市| 大渡口区| 韶山市| 神池县| 盐源县| 临洮县| 疏附县| 岱山县| 班玛县| 汽车| 扎兰屯市| 资中县| 六盘水市| 本溪| 北川| 旺苍县| 黄平县| 民县| 万年县| 嫩江县| 探索| 湖南省| 平和县| 龙口市| 连山| 黎川县| 通道| 扬州市| 奎屯市| 邵武市| 溆浦县| 米泉市| 西青区| 璧山县| 德格县|