April 22, 2021
Business News

Alibaba shares sink in Hong Kong as China launches antitrust probe – MarketWatch

BEIJING Chinese regulators on Thursday announced an anti-monopoly investigation of e-commerce giant Alibaba Group, stepping up official efforts to tighten control over Chinas fast-growing tech industries.The market regulator said it was looking into Alibabas policy of choose one of two, which requires business partners to avoid dealing with competitors. The one-sentence statement gave no details of possible penalties or a timeline to announce a result.Chinese leaders said earlier an economic priority…

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