Consumer Staples Apr 13, 2021 06:41 PM (GMT+8) · EqualOcean
In December 2020, the General Administration of Market Supervision in China launched an investigation against Alibaba under the "Anti-Monopoly Law". The investigation found that Alibaba Group has a dominant position in the online retail platform market in China. Since 2015, Alibaba Group has abused its dominant position by prohibiting companies from opening stores or participating in promotional activities on other competing platforms on its platform and has taken various reward and punishment measures. As the penalty is now determined, the market's uncertainty about Alibaba is reduced, which leads the stock market price to increase. This briefing is contributed by and first appeared on CIMK.

Source: CIMK

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