Alibaba being investigated by China over monopoly tactics

Posted by - December 29, 2020

Chinese tech giant Alibaba is being investigated by regulators over monopolistic practices. China’s State Administration for Market Regulation (SAMR) made the announcement on Thursday. Regulators have previously warned Alibaba about forcing merchants to sign exclusive deals which prevent them from offering products on rival platforms. Financial regulators will also meet with Alibaba’s financial technology offshoot