China has launched an antitrust investigation into Alibaba Group and will summon the tech giant’s Ant Group affiliate to meet in coming days, regulators said, in the latest blow for Jack Ma’s e-commerce and fintech empire. The probe is part of an accelerating crackdown on monopolistic behaviour in China’s booming internet space, and the latest setback for Ma.
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China has launched an antitrust investigation into Alibaba Group and will summon the tech giant’s Ant Group affiliate to meet in coming days, regulators said, in the latest blow for Jack Ma’s e-commerce and fintech empire. The probe is part of an accelerating crackdown on monopolistic behaviour in China’s booming internet space, and the latest setback for Ma.
China launches antitrust probe into tech giant Alibaba
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