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

Enterprises involved in the cases would be fined 500,000 yuan ($78,000), it said.

Reuters

November 20, 2021 / 08:41 IST

Alibaba (Source: Reuters)

China’s State Administration of Market Supervision found 43 cases that violated regulations under antimonopoly legislation, involving companies including Alibaba, Baidu and JD.com, and imposed penalties, according to a notice from the regulator.

Enterprises involved in the cases would be fined 500,000 yuan ($78,000), it said.

Reuters

first published: Nov 20, 2021 08:40 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347