Alibaba’s antitrust review comes to a close after 3 years of government scrutiny
The State Administration for Market Regulation (SAMR), China’s market watchdog, praised Alibaba for its compliance with the antitrust authority, putting an official end to more than three years of regulatory scrutiny that has hung over one of China’s largest tech firms. Alibaba owns the South China Morning Post.
“From the inspection and evaluation, Alibaba Group has completely stopped the monopoly behaviour of ‘picking one from two’,” the regulator said in a statement on its website. It added that the “rectification work” at Alibaba has achieved good results.
Alibaba said that the end of the regulatory review marked a “new starting point” for the group.
In April 2021, the regulator slapped a record penalty of 18.2 billion yuan on one of the world’s largest e-commerce companies – equal to 4 per cent of Alibaba’s 2019 revenue – after a months-long anti-monopoly investigation that started at the end of 2020.
“In the next step, the State Administration for Market Regulation will guide Alibaba Group to continue to standardise its operations, further improve compliance quality and efficiency, accelerate innovation-driven development, and continuously improve service levels, providing solid guarantees for building a world-class company and enhancing international competitiveness,” the SAMR said.
 "Why men must be aware of breast cancer risks – Firstpost")
