China antitrust: Alibaba’s home province vows to ‘supervise and guide’ the e-commerce giant to rectify violations

//China antitrust: Alibaba’s home province vows to ‘supervise and guide’ the e-commerce giant to rectify violations

China antitrust: Alibaba’s home province vows to ‘supervise and guide’ the e-commerce giant to rectify violations

The Communist Party leadership in China’s eastern coastal province of Zhejiang, home to Alibaba Group Holding, has pledged to “supervise and guide” the e-commerce giant and its fintech affiliate Ant Group to complete “rectification” after months of scrutiny by the central government. The Standing Committee of the Zhejiang Communist Party held a special meeting this week to declare their intention to implement Beijing’s order to tame the “platform economy”, an umbrella term that encompasses most…

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By | 2021-04-15T10:00:08+00:00 April 15th, 2021|Technology|Comments Off on China antitrust: Alibaba’s home province vows to ‘supervise and guide’ the e-commerce giant to rectify violations