Chinese regulators announced an antitrust investigation into Alibaba for alleged monopolistic behavior, including the e-commerce giant’s “choosing one from two” policy (which prevents merchants from selling products on rival platforms). The probe marks the latest in growing Chinese regulatory scrutiny over its tech giants.
Extra: Last month, China suspended the IPO of fin-tech giant Ant Group (an Alibaba sister-company) that was otherwise set to become the world’s largest IPO in history.
The New Paper
This story is from the December 24, 2020 edition of The New Paper – a clear, concise daily briefing that makes fact-first news easy to consume. Try it today.
