Alibaba was fined for antitrust violations in 2021 after being accused of engaging in monopolistic tactics.
The market regulator in China announced on Friday that Alibaba has successfully finished the three-year “rectification” procedure. In Friday morning trade, Alibaba’s shares increased by over 3%.
Alibaba’s journey to comply with antitrust laws has been overseen by China’s State Administration for Market Regulation, or SAMR.
Source (CNBC)
