Alibaba, Chinese authorities launch antitrust investigation – Ultima Ora

(ANSA) – BEIJING, DECEMBER 24 – The Chinese antitrust authorities have launched an investigation into Alibaba Group for “suspected monopolistic practices”. This was reported by the State Administration for Market Regulation, officially targeting the e-commerce giant co-founded by Jack Ma.

Financial regulators will also hold “supervision and guidance” talks with Ant Group, Alibaba’s fintech company, a few weeks after Beijing’s last-minute IPO stop.

Alibaba immediately collapses on the Hong Kong Stock Exchange and in the early stages it drops 5.48%, to Hk $ 234.80: (ANSA)

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