Caixin reported (May 29) that China’s market regulator, State Administration for Market Regulation (SAMR), slapped a 1.5 million yuan ($235,302) fine on Alibaba Group-backed community group-buying platform Nice Tuan, citing violations including product dumping and deceptive pricing. The State Administration for Market Regulation (SAMR) also ordered Nice Tuan to suspend business operations in Jiangsu province for three days starting May 28 for "rectification". The penalty came about two months after the regulator fined Nice Tuan on similar charges in a broader crackdown on community group-buying sites’ anti-competitive practices.