As a result of an antitrust penalties it received in 2021 for allegedly engaging in monopolistic acts, Alibaba underwent a three-year regulatory “rectification” process, which it has now finished, China’s market regulator announced on Friday.
In premarket trading in the United States, Alibaba’s shares increased 4.37% at 07:24 a.m. Alibaba’s efforts to comply with antitrust laws have been under the supervision of China’s State Administration for Market Regulation (SAMR), which made this announcement on Friday.
A Google translation of the SAMR’s statement states that the correction work has produced “good results.”
Source (CNBC)
