Sunday 9 May 2021
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scmp - 29 days ago

China’s record fine on Alibaba sets an example for technology giants to toe the regulatory line

China’s record fine on one of the largest home-grown corporate champions sets an example for the country’s technology behemoths and aspiring unicorns, showing them that the antitrust regulator is increasingly competent in applying market rules to rein in Big Tech, analysts said.In a document with more than 12,000 words, the State Administration for Market Regulation (SAMR) outlined its definition of a market, the role of Alibaba Group Holding as a participant, and the company’s dealings with…


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