Temu may receive a fine of up to HUF 780 billion
The Economic Competition Authority (GVH) considers it justified to initiate the competition supervision procedure against the Chinese online store Temu, whose subsidiary in Ireland is being investigated for unfair commercial practices. In the case of the company, a fine of up to HUF 780 billion could be discussed, which would correspond to 13 percent of the international group’s annual sales.
During the procedure initiated following the notification of Ecommerce Hungary, the Competition Authority examined the notifications in detail and gathered information about the company’s activities. The GVH claims that Temu deceives consumers in several ways, such as using manipulative pricing and promotion practices, as well as exerting psychological pressure on customers with urgent messages.
In addition to the Chinese online store, the question of manipulation of product reviews and product safety concerns also arose. In connection with the CE markings applied to electronic products, suspicions arose that they do not meet the real safety requirements and may also sell dangerous products.
Related news
One of the Vice-Chairs of the OECD Competition Committee became the President of the Hungarian Competition Authority (GVH)
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Temu expands European delivery network
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Hungarian webshops under pressure
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Related news
Record-breaking Black Friday in online orders
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Campaign launched to dispel misconceptions about meat and dairy products
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >The newest PENNY store opened in downtown Szolnok
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >
