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China finds 43 anti-trust law violations involving Alibaba, Baidu, JD.com -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – The logo for Alibaba Group lights up in Beijing at the Alibaba Group office on August 9, 2021. REUTERS/Tingshu Wang/File Photo

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BEIJING (Reuters). – China’s State Administration of Market Supervision has found 43 violations of antimonopoly regulations involving businesses. Alibaba According to the notice of regulator, penalties were imposed on Baidu (NASDAQ) and JD.

It said that enterprises involved in these cases would face a fine of 500,000 Yuan (78,000 USD).

($1 = 6.3863 renminbi)

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