Alibaba and two other Chinese firms fined 1.5m yuan for unreported acquisitions based on anti-monopoly law

SOURCE / MARKETS

By Global Times Published: Dec 14, 2020 01:02 PM

Alibaba

Alibaba Investment Limited, China Literature, and Hive Box were fined 1.5 million yuan ($229,500) in total due to a series of unreported acquisition cases according to Anti-monopoly Law: State Administration for Market Regulation

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