[Beijing Direct News Network November 24th] China net)Recently, an administrative penalty information released by credit China showed that Foshan Youtao cloud Business Technology Co., Ltd. was fined 1.8 million yuan on suspicion of pyramid selling.

The announcement shows that the specific illegal fact of Youtao cloud business technology is that the behavior of the party Foshan Youtao cloud Business Technology Co., Ltd. constitutes the MLM behavior referred to in items (1), (2) and (3) of Article 7 of the regulations on the prohibition of MLM. According to the provisions of paragraph 1 of Article 24 of the regulations on the prohibition of MLM, it shall be punished and it is suggested to file a case for investigation. According to the first paragraph of Article 24 of the regulations on the prohibition of MLM, Foshan Nanhai District market supervision and Administration Bureau imposed a fine of 1.8 million yuan on Foshan youtaoyun Business Technology Co., Ltd. The document number of the punishment decision is nsjgz (2021) No. 1697, and the punishment date is September 27, 2021.

According to tianyancha information, Foshan Youtao cloud Business Technology Co., Ltd. was established on November 22, 2016 with a registered capital of 1 million yuan and the legal representative is Fang Cunlong. The company's business scope includes software development, retail of nutrition and health products, etc.

According to the official account of Ai Shangyou's "Tao Tao", the official shopping mall of the cloud technology company, according to its new retail mall, it sells mainly its products, including the small potato active peptides, the vegetarian and the natural germ powder, the shoulder neck and the waist cold cold compress.