TikTok's Chinese app - Douyin - in trouble after spat over the price of jade

Asia In Brief Douyin, the Chinese version of TikTok, has struck trouble at home after a user falsely claimed a retailer sold inferior jade products at enormous and unjustified markups.

The retailer is called Pangdonglai, and a Douyin user named 'Chaiduidui' accused it of price gouging.

Authorities analyzed the price of jade Pangdonglai sold and could not find unreasonable pricing. The retailer launched lawsuits against Chaiduidui and other social media users it claimed had defamed it.

Pangdonglai founder Yu Donglai weighed in with a threat to leave the business, or shut it down, if bloggers who defame his company aren’t punished. Other retailers supported that stance.

Chaiduidui, meanwhile, reportedly saw sales of products sold from their account surge.

Douyin later suspended Chaiduidui’s account and deleted some of their videos.

The matter has become a minor sensation in China and heated up again last week after Pangdonglai’s website ...