24
Dec
2020
Posted by: In: Alibaba, alibaba china, Alibaba Group, alibaba investigation, anti monopoly investigation, anti monopoly probe, Beijing, China, monopoly, World

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…