China Launches Antitrust Probe Against Alibaba
China's State Administration for Market Regulation, the agency that sets business standards and regulations, has initiated an antitrust investigation into Alibaba Group (NYSE: BABA) and its digital finance subsidiary Ant Group. The regulator posted a tersely worded statement on its website announcing the decision.
"Recently, the State Administration of Market Regulation, based on reports, filed investigations into Alibaba Group Holdings Co., Ltd. for suspected monopolistic conduct such as 'choosing one over the other,'" the post read.
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Source Fool.com
