China’s General Administration of Market Supervision announced today (10) the monopolistic behavior of Alibaba, making an administrative penalty of 18.228 billion yuan (about NT $79.16 billion) and requiring rectification, and this is also the largest amount of fine since the implementation of the anti-monopoly law; in response, Alibaba then issued a statement to express its loyalty, “sincerely accept and resolutely obey “.
▲ China opened the guillotine on Alibaba’s monopoly behavior.
The Chinese Communist Party regulator said the investigation found that since 2015, Alibaba Group has abused its dominant market position, imposed “two-for-one” requirements on merchants on its platform, prohibited merchants on its platform from opening stores or participating in promotional activities on rival platforms, and enhanced its own market power with the help of market power, platform rules, and technical means such as data and algorithms to gain unfair advantage. Alibaba has violated the Anti-Competitive Measures Act.
Alibaba has violated Article 17(1)(d) of the Anti-monopoly Law, which prohibits the restriction that the counterparty to a transaction can only conduct transactions with it without justifiable reasons. The total amount is RMB 18.228 billion.
In the statement, Alibaba pointed out that after receiving the decision of administrative punishment from the State Administration of Market Supervision, it sincerely accepted and resolutely obeyed the punishment, and stressed that it “will strengthen its operation according to the law, further strengthen the construction of compliance system, base on innovation and development, and better fulfill its social responsibility”.
The company’s statement was made by Alibaba.
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