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Amazon Bans Hundreds of Chinese Companies For Review Fraud – Stocks News Feed

News Snapshot:

Amazon.com Inc (NASDAQ: AMZN ) has announced that over 600 Chinese brands sold through 3,000 different seller accounts have been permanently banned. What Happened: The tech giant says the removal of the vendors from its platform is part of a five-month global effort to target companies that are violating Amazon’s policies, according to a report from The Verge . Among the high-profile companies to be banned are Aukey , Choetech , and RavPower . Although several vendors have been using sub-brands to continue selling products like earbuds, wireless charging pads, and batteries on Amazon. One of Amazon’s largest Chinese retailers,…

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