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InvestmentsChina finds 43 anti-trust law violations involving Alibaba, Baidu, JD.com By Reuters

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


BEIJING (Reuters) – China’s State Administration of Market Supervision discovered 43 instances that violated laws underneath antimonopoly laws, involving corporations together with Alibaba (NYSE:), Baidu (NASDAQ:) and JD (NASDAQ:).com, and imposed penalties, in response to a discover from the regulator.

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

($1 = 6.3863 renminbi)

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