China’s Temu, JD.com among 5 summoned over false advertising

Chinese e-commerce giants Temu and JD.com were among five major platforms summoned for talks over misleading advertising on Thursday, Beijing’s market watchdog said.
The talks with company representatives, held by the Beijing Municipal Administration for Market Regulation, come as local and national authorities crack down on excessive “involution-style” competition.
Official efforts to tame “involution” — a popular tag used to describe the race to outcompete that ends up nowhere — has hit major Chinese firms across online shopping, food delivery and electric vehicles.
The Beijing watchdog said it had identified issues including false advertising for promotional events, irregular rul...