Saturday, November 27, 2021
HomeBusinessChina finds 43 anti-trust law violations involving Alibaba, Baidu, By Reuters

China finds 43 anti-trust law violations involving Alibaba, Baidu, By Reuters



© Reuters. FILE PHOTO: The brand of Alibaba Group is lit up at its workplace constructing in Beijing, China August 9, 2021. REUTERS/Tingshu Wang/File Photograph


BEIJING (Reuters) – China’s State Administration of Market Supervision discovered 43 circumstances that violated laws below antimonopoly laws, involving firms together with Alibaba (NYSE:), Baidu (NASDAQ:) and JD (NASDAQ:).com, and imposed penalties, based on a discover from the regulator.

Enterprises concerned within the circumstances can be fined 500,000 yuan ($78,000), it mentioned.

($1 = 6.3863 renminbi)

Disclaimer: Fusion Media want to remind you that the information contained on this web site just isn’t essentially real-time nor correct. All CFDs (shares, indexes, futures) and Foreign exchange costs should not offered by exchanges however moderately by market makers, and so costs is probably not correct and should differ from the precise market worth, which means costs are indicative and never acceptable for buying and selling functions. Due to this fact Fusion Media doesn`t bear any duty for any buying and selling losses you would possibly incur because of utilizing this knowledge.

Fusion Media or anybody concerned with Fusion Media won’t settle for any legal responsibility for loss or harm because of reliance on the knowledge together with knowledge, quotes, charts and purchase/promote indicators contained inside this web site. Please be totally knowledgeable concerning the dangers and prices related to buying and selling the monetary markets, it is without doubt one of the riskiest funding varieties doable.


Abhishek Tiwari
Abhishek Tiwari is the Author & Founder of the He is passionate about Blogging & Digital Marketing.

Related articles


Please enter your comment!
Please enter your name here

Stay Connected


Latest posts