U.S. markets open in 41 minutes
  • S&P Futures

    4,100.25
    +19.00 (+0.47%)
     
  • Dow Futures

    34,681.00
    +82.00 (+0.24%)
     
  • Nasdaq Futures

    12,109.25
    +67.00 (+0.56%)
     
  • Russell 2000 Futures

    1,898.30
    +10.80 (+0.57%)
     
  • Crude Oil

    82.18
    +1.63 (+2.02%)
     
  • Gold

    1,803.00
    +43.10 (+2.45%)
     
  • Silver

    22.43
    +0.65 (+3.00%)
     
  • EUR/USD

    1.0493
    +0.0085 (+0.82%)
     
  • 10-Yr Bond

    3.5710
    -0.1320 (-3.56%)
     
  • Vix

    20.43
    -1.46 (-6.67%)
     
  • GBP/USD

    1.2210
    +0.0149 (+1.23%)
     
  • USD/JPY

    136.1200
    -1.9600 (-1.42%)
     
  • BTC-USD

    17,110.94
    +284.62 (+1.69%)
     
  • CMC Crypto 200

    405.38
    +4.68 (+1.17%)
     
  • FTSE 100

    7,586.12
    +13.07 (+0.17%)
     
  • Nikkei 225

    28,226.08
    +257.09 (+0.92%)
     

China tells e-commerce platforms to regulate promotional phone messages

FILE PHOTO: The logo of Alibaba Group is seen at its office in Beijing

BEIJING (Reuters) - China's industry ministry on Tuesday said that it had told e-commerce giants Alibaba, JD.com and Pinduoduo to regulate their use of promotional phone messaging to users ahead of the annual June 18 shopping festival.

The directive, delivered during what the ministry said was a meeting on June 11, is the latest move in an ongoing regulatory clampdown on China's booming "platform economy".

(Reporting by Tony Munroe and Colin Qian; editing by Jason Neely)