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Chinese pharmacy fined $430,000+ for jacking up face mask cost by 6x

A Chinese pharmacy has been caught and fined for hiking the price up of face masks by six times.

Published Wed, Jan 29 2020 4:40 AM CST   |   Updated Tue, Nov 3 2020 11:45 AM CST

A Chinese pharmacy has attempted to use the terrible coronavirus outbreak as a means to generate money. Luckily, they have been caught in the act and fined $430,000+ dollars.

Chinese pharmacy fined $430,000+ for jacking up face mask cost by 6x |

The Beijing-based pharmacy called 'Jimin Kangtai Pharmacy' was caught by a municipal market regulator who realised the establishment was attempting to sell surgical gear, face masks and other essential items much higher than the standard price. The pharmacy reportedly increased the price of 3M brand mask from 143 yuan (US$20.61) to the ridiculous asking price of 850 yuan (US$122.53) per box.

The store that was caught in the act has been fined by the regulator for 3 million yuan, which is equivalent to US$434,530. It's quite sad that people are attempting to extort the tragedy of the coronavirus to make money off people that are suffering. If you aren't caught up with the news surrounding the coronavirus, and would like to inform yourself, click this link here.

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* Prices last scanned on 1/26/2021 at 1:31 am CST - prices may not be accurate, click links above for the latest price. We may earn an affiliate commission.

Jak's love for technology, and, more specifically, PC gaming, began at 10 years old. It was the day his dad showed him how to play Age of Empires on an old Compaq PC. Ever since that day, Jak fell in love with games and the progression of the technology industry in all its forms. Instead of typical FPS, Jak holds a very special spot in his heart for RTS games.

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