China finds 43 anti-trust law violations involving Alibaba, Baidu, JD.com


FILE PHOTO: The logo of Alibaba Group is lit up at its office building in Beijing, China August 9, 2021. REUTERS/Tingshu Wang/File Photo

November 20, 2021

BEIJING (Reuters) – China’s State Administration of Market Supervision found 43 cases that violated regulations under antimonopoly legislation, involving companies including Alibaba, Baidu and JD.com, and imposed penalties, according to a notice from the regulator.

Enterprises involved in the cases would be fined 500,000 yuan ($78,000), it said.

($1 = 6.3863 Chinese yuan renminbi)

(Reporting by Gabriel Crossley; Editing by William Mallard)





Source link

Leave a Reply

Your email address will not be published.

REGISTER

join the Patriot Network

Meet with other patriots

No censorship. Be free.