China kicks off antitrust probes into Alibaba over alleged monopolistic practices, as regulators summon Ant to meet

//China kicks off antitrust probes into Alibaba over alleged monopolistic practices, as regulators summon Ant to meet

China kicks off antitrust probes into Alibaba over alleged monopolistic practices, as regulators summon Ant to meet

China’s antitrust regulator has officially started investigations into Alibaba Group Holding over alleged monopolistic business practices including a requirement for e-commerce merchants to pick only one platform as their exclusive distribution channel.Separately, China’s central bank said it would summon Ant Group’s executives for a meeting with the financial regulators covering banking and insurance, securities and foreign exchange, as it tightens regulations on the fintech industry.The…

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By | 2020-12-24T01:41:54+00:00 December 24th, 2020|Technology|Comments Off on China kicks off antitrust probes into Alibaba over alleged monopolistic practices, as regulators summon Ant to meet