Alibaba looks to shore up growth for its core e-commerce business.
The downsizing follows a round of restructuring earlier this year, as Netease seeks to increase its focus on its two main businesses — e-commerce and gaming.
The law doesn’t just prohibit fake products and reviews on shopping sites like Taobao.
The Alibaba restructuring involved fintech affiliate Ant Financial, online travel platform Fliggy, retail, and entertainment units.
Luckin apologized to its employees for the upheaval following its fraud admission in early April, and on the same day removed its CEO and COO.
Meituan has battled with Alibaba in its core food delivery business for years, following their short-lived friendship.