China Fines Two Livestreamers $14.6 Million for Tax Evasion

China slapped a combined 93.2 million yuan ($14.6 million) of fines on two influential livestreamers for income tax evasion, the first such punishment in the booming but underregulated sector.

The tax authority in the eastern Chinese city of Hangzhou found that Zhu Chenhui, using the screen name “Xueli Cherie,” and Lin Shanshan, known as “Lin Shanshan Sunny,” illegally reported personal income as business income, evading more than $6.8 million of personal taxes, the tax authority said in a statement.