Investors will probably bring a class action suit against the company, which could lead to a massive amount of compensation and bankrupt the firm, according to Dong.
Inspections will be used to check whether business premises have fixed fire control facilities as they promised. Businesses will be suspended for serious violations.
Instructed by the Cyberspace Administration of China, the Cyberspace Administration of Beijing summoned iFeng.com management for a talk on Wednesday.
International reputation
Intertwined in almost every story of the early Chinese immigrants are episodes of fortune and misfortune, of hope and sorrow – those who desperately wanted a fresh start in a distant land, constantly feeling the pull of the loved ones they left behind.
Investigators said in the report that the fire was caused by faulty electric wires in the basement freezers, which had not been put into use and were being tested when the fire occurred.
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Inspections will be made to make sure all measures are implemented by relative departments and local governments.
Ireland has developed a reputation as a world leader in the aircraft leasing industry in recent years. PHOTO PROVIDED TO CHINA DAILY
Investors say they remain optimistic, as tech breakthroughs and entrepreneurship will help open up new markets, despite a slowdown in fundraising and "capital winter" in China.
Intensive promotions and tour package sales programs have since been formulated by the ministry with part of the programs to be held in several Chinese cities this month.