© 2020 – 2023 AEA3 WEB | AEAƎ United Kingdom News
AEA3 WEB | AEAƎ United Kingdom News
News

China targets Alibaba with anti-monopoly investigation

Shares in e-commerce company plummet, with financial spinoff Ant Group also called in for ‘supervisory’ talks with authorities

Chinese regulators have launched an anti-monopoly investigation into Alibaba and called in for talks its online finance spinoff, Ant Group – increasing pressure on the e-commerce company founded by the Chinese tech entrepreneur Jack Ma.

On Thursday the state market supervision administration said it had filed an investigation into Alibaba Group Holdings Ltd over “suspected monopolistic practices”.

Continue reading…

Related posts

Two people killed by falling trees as Storm Malik hits northern parts of UK

AEA3

‘Pure hell’: Cyprus hit by worst forest fire in decades

AEA3

‘Catastrophic’ forecast shows 9m people in England with major illnesses by 2040

AEA3

Pin It on Pinterest

Share This