BUSINESS Antitrust probe into Alibaba Group concludes

BUSINESS

Antitrust probe into Alibaba Group concludes

CGTN

16:43, December 27, 2020

The antitrust probe into Alibaba Group has concluded, said Zhejiang Provincial Administration for Market Regulation on Sunday.

A woman jogs in front of the Alibaba headquarters in Hangzhou, some 175 kilometres (110 miles) southwest of Shanghai on February 5, 2020. (Photo: AFP)

China's State Administration for Market Regulation on December 24 initiated an investigation into Alibaba Group for alleged monopoly behaviors and collected relevant evidences.

Zhejiang's market regulator said the entire process was smooth and orderly, and Alibaba cooperated with the investigation team, accepted the inquiry and provided relevant information in a timely manner.

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