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Home News Asia

China Launches Anti-Monopoly Investigation of IT Giant Alibaba

Kyodo News by Kyodo News
December 24, 2020
in Asia
Reading Time: 1 min read
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Alibaba Group Holding Ltd.'s headquarters in Hangzhou, China, is pictured on Nov. 10, 2020. / Kyodo

Alibaba Group Holding Ltd.'s headquarters in Hangzhou, China, is pictured on Nov. 10, 2020. / Kyodo

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BEIJING–China’s market regulator said Thursday that it has started an anti-monopoly investigation of the country’s IT giant, Alibaba Group Holding Ltd.

The move comes as President Xi Jinping has pledged to strengthen measures to curb monopolistic behavior and disorderly capital expansion of fast-growing IT firms.

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