Alibaba Group Holding Ltd Inc's (NYSE:BABA) TAobao and JD*** Inc (NASDAQ: JD), China's e-commerce giants, are escalating comPETition in the sector by adopting a "refund only" policy for dissatisfied customers, mirroring a strategy implemented by budget online retailer Pinduoduo (NASDAQ:PDD) since 2021. Taobao recently added a similar ***roach to address misleading product information and fraudulent goods, SCMP reports. This move comes after JD*** updated its platform rules on Wednesday, with the new refund policy becoming effective on December 29. The policy ***lies to goods that customers believe do not match the site's product
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