Business

China’s antitrust regulators may charge Alibaba Group over its anticompetitive behavior

By Aishwarya Gurav

Alibaba Group Holding Ltd. may be facing a penalty because of its anticompetitive behavior. China’s antitrust regulators are contemplating a record fine against the company.

The reports said, that the fine could surpass the $975 million which Qualcomm had paid in 2015 over anti-competitive practices.

The regulators are giving a thought to remove some assets unrelated to Alibaba’s main online-retailing business.

Alibaba haven’t responded to media’s request for comment.

SAMR was carrying out an antitrust investigation into Alibaba, which it first announced in December. SAMR said reports of anti-competitive behavior are rising and the industry was facing challenges regulating it.

The new rules come into effect as China takes a firmer line against alleged anti-competitive behavior.

Tags: Alibaba Group Holding Ltd China China’s antitrust regulators Qualcomm

Aishwarya Gurav

Aishwarya Shridhar Gurav is a recent graduate who pursued her degree in Bachelor of Mass Media & Journalism. She is a dynamic, self-motivated, and highly organized individual with a passion for news and an innate desire for authoring. She aims to pen her thoughts which will lead the way to revolution. and can be reached at aishwaryagurav69@gmail.com