China has slapped Three Sheep Group with a 69 million yuan (US$9.8 million) penalty after the company founded by one of the country’s top-earning influencers was accused of falsely marketing mainland-made mooncakes as “made in Hong Kong”.The market regulator of Hefei, capital of eastern Anhui province, on Thursday ordered the influencer agency to suspend its live-commerce operations, which sell products online through live-streamed sessions.Three Sheep apologised for “falsely advertising and misleading consumers” and vowed to “conduct thorough rectifications within the company”, according to a statement published on Thursday on the company’s official account on Douyin, the Chinese sibling of TikTok.Founded…