Alibaba’s mobile payment service Alipay has been fined 180,000 yuan (28,600 U.S. dollars) by the People’s Bank of China (PBOC). The fine was issued for improper behavior in seven aspects, such as releasing misleading advertisements and collecting users’ financial information in additional to requirements, according to the statement issued by the PBOC sub-branch in Hangzhou, where Alibaba is based.
Read the full story at http://www.xinhuanet.com/english/2018-04/11/c_137101163.htm
SOURCE: Xinhuanet
tags:
Alipay
