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24
Dec
2020
China launches anti-monopoly probe into Alibaba Group, stepping up pressure – National
Chinese regulators on Thursday announced an anti-monopoly investigation of e-commerce giant Alibaba Group, stepping up the ruling Communist Party’s efforts to control fast-growing tech industries. President Xi Jinping’s government promotes e-commerce and other online industries but worries about the dominance of Alibaba and other market leaders. The ruling party…