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
GVH: The postponement of certain amendments to the Competition Act is justified
The Economic Competition Authority (GVH) agrees with the postponement of…
Read more >According to the managing director of MediaMark Hungary, the Temu webshop is tempting with a price advantage, but it cannot build stable customer loyalty in the long term
Gábor Szilágyi, the managing director of MediaMarkt Hungary, warned about…
Read more >The GVH would introduce a labeling system showing environmental impact on foodstuffs
It would make it easier for consumers to make a…
Read more >Related news
Scitec Nutrition launched an unusual image campaign with everyday heroes
In May, Scitec Nutrition’s “Fighters. They won. Your turn!” with…
Read more >KSH: in February, the product foreign trade surplus was 1.7 billion euros
In February 2024, the export volume exceeded 3.4 percent, while…
Read more >BMI: Slower expansion in April
The seasonally adjusted April value of the Purchasing Manager Index…
Read more >