April 13, 2021

Asia

CHINA: Alibaba penalty heralds new era of antitrust enforcement

BY Gabriel Wildau

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( 4 mins) China's anti-monopoly regulator fined online retailer Alibaba a record Rmb18bn (USD 2.8bn) for preventing merchants from selling on rival platforms. After a decade of laissez-faire, Chinese regulators appear poised to impose tighter antitrust regulation on other dominant internet platforms like Tencent, Meituan, and Pinduoduo. Beijing believes that a few large platform companies are capturing a […]

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