China Central Bank Fines Ant Financial’s Alipay For Misleading Ads, Poor Data Protection

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Alibaba’s third-party mobile payment platform Alipay has been fined RMB180,000 (US$28,535) for inadequate customer rights protection, publishing misleading advertising and improper data protection, according to an administrative penalty notice from People’s Bank of China, Hangzhou branch.

China Money Network

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