Alibaba (Ailibaba) The world’s largest Chinese retail company The Chinese authorities have ordered a fine of 2.8 billion US dollars or about 88 billion baht for violating market antitrust laws.
Back in October 2020, Alibaba’s business was under intense scrutiny ever since. Jack Ma The founder criticized the regulatory system of the official.China’s State Administration for Market Regulation (SAMR) It was officially investigated Alibaba’s market monopoly behavior.
The main investigations are Practices that force merchants to choose one of two platforms instead of working with both. (Do not use competing platforms)
Recently, SAMR has fined Alibaba amounting to 88 billion baht for violating antitrust laws. And misuse their marketing power
In a statement, Alibaba acknowledged the sanctions and will comply with SAMR’s requirements, ready to cooperate fully in conducting the assessment. And improve the internal system For the long term benefit of retail partners. And the next consumer
However, even the fines are enormous. But it is an approximate value Only 4% of Alibaba’s revenue in 2019.
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