Technology

Tech giants are squeezing retailers with group buying platforms and analyst predicts tighter regulations to level playing field



China’s technology giants are turning community group buying into a 1.5 trillion yuan (US$232 billion) industry, sending retailers reeling under bulk-discounting onslaught. Could they become a target for regulatory scrutiny?These purchasing platforms, backed by the financial might of Alibaba Group Holding, Tencent Holdings, Meituan and Pinduoduo, among others, have become the go-to buying channels for consumers seeking big rebates, disrupting traditional distribution and pricing systems, some…



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