Aug 31, 2024 02:46 AM

BUSINESS

Alibaba Wins Beijing’s Approval, Ending Years-Long Scrutiny

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China’s State Administration for Market Regulation said Alibaba had ceased the monopolistic practices that had prompted the probe

China’s State Administration for Market Regulation said Alibaba had ceased the monopolistic practices that had prompted the probe

(Bloomberg) — Alibaba Group Holding Ltd. has won the endorsement of China’s antitrust watchdog three years after an investigation into its online behavior, suggesting Beijing is keen to signal its support for the country’s giant internet sector.

China’s State Administration for Market Regulation said Alibaba had ceased the monopolistic practices that had prompted the probe.

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