Fair Market Play
The other shoe has dropped for e-commerce giant Alibaba Group. The State Administration for Market Regulation (SAMR) imposed an administrative penalty on April 10 for its monopolistic conduct of implementing an “exclusive dealing agreement.”
The administration’s investigation found the group had abused its dominant market position by prohibiting merchants on its platform from opening stores or participating in promotional activities on other competitive platforms since 2015. Additionally, Alibaba had exploited market forces, platform rules, data, algorithms and other technical means to ensure the full-fledged implementation of its agreement.
Alibaba was fined 18.23 billion yuan ($2.78 billion) for its violations of the Anti-Monopoly Law. This was close
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