Shareholders in New York filed a class action lawsuit against Tuya Inc., a Chinese AI and Internet of Things (IoT) platform. Lian Xiaomeng, a Chinese national, was the first to initiate a lawsuit in federal court in the Southern District of New York on Aug. 9 through the shareholder rights law firm Johnson Fistel, alleging…
Chinese Company Tuya Faces NY Class-Action Lawsuit for Allegedly Misleading Investors
Deceptive Practices of Chinese Internet Trolls
As more and more businesses and enterprises expand their customer base via online shopping platforms, ratings and reviews have become one major way consumers can determine the trustworthiness of a business. In China, the “wangluo shuijun”, or internet trolls, was formed in response to that demand, with the goal of flooding the internet with fake…
Amazon, Google Face Formal Fake Review Inquiry in Britain
Britain’s competition regulator started a formal investigation on Friday into whether Amazon and Google may not have done enough to prevent or remove fake reviews. Along with regulators in the United States and the European Union, the Competition and Markets Authority (CMA) has stepped up its scrutiny of big tech firms in recent years. The…
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