Express Computer
Home  »  News  »  China begins anti-trust probe into e-commerce giant Alibaba

China begins anti-trust probe into e-commerce giant Alibaba

0 156

In a significant development, China’s top market watchdog on Thursday started investigation into alleged anti-competition practices by ecommerce giant Alibaba, as Beijing tightened control of an expanding Internet.

In a brief note, the State Administration for Market Regulation said that it is investigating Alibaba over its “choosing one from two” policy.

As part of this policy, merchants are forced to sell exclusively on Alibaba e-commerce platforms and skip rivals like JD.com.

“The State Administration of Market Supervision, based on reports, filed investigations into Alibaba Group Holdings Co., Ltd. for suspected monopolistic conduct such as ‘choose one out of two,’” the statement read.

Alibaba Group said in a statement that they have received notification from the State Administration for Market Regulation.

“Alibaba will actively cooperate with the regulators on the investigation,” the company said, adding that its “business operations remain normal.”

Xinhua news agency said on Thursday that The People’s Bank of China, China Banking and Insurance Regulatory Commission, China Securities Regulatory Commission, and State Administration of Foreign Exchange will “interview Ant Group in the near future”.

The move is “to supervise and guide Ant Group to implement financial supervision and fair competition in accordance with the principles of marketisation and rule of law, and to protect the legitimate rights and interests of consumers, and regulate the operation and development of financial services”.

The Chinese regulators have recently removed several apps, including banning thousands gaming apps on Apple App Store, in a wide-ranging “clean-up” of online content related to illegal activity, including obscenity, pornography, prostitution, violence, fraud or gambling.

With China cracking down on apps especially related to video games, Apple has warned Chinese app developers that thousands of more video games will be removed from App Store.

According to a report in The Wall Street Journal citing a memo, thousands of video games face removal as Beijing tightens control of Internet.

Apple said in the memo that developers of premium games and those featuring in-app purchases “would have until the end of the year to provide proof of government license or the app would be removed”.

–IANS

Get real time updates directly on you device, subscribe now.

Leave A Reply

Your email address will not be published.

LIVE Webinar

Digitize your HR practice with extensions to success factors

Join us for a virtual meeting on how organizations can use these extensions to not just provide a better experience to its’ employees, but also to significantly improve the efficiency of the HR processes
REGISTER NOW 

Stay updated with News, Trending Stories & Conferences with Express Computer
Follow us on Linkedin
India's Leading e-Governance Summit is here!!! Attend and Know more.
Register Now!
close-image
Attend Webinar & Enhance Your Organisation's Digital Experience.
Register Now
close-image
Enable A Truly Seamless & Secure Workplace.
Register Now
close-image
Attend Inida's Largest BFSI Technology Conclave!
Register Now
close-image
Know how to protect your company in digital era.
Register Now
close-image
Protect Your Critical Assets From Well-Organized Hackers
Register Now
close-image
Find Solutions to Maintain Productivity
Register Now
close-image
Live Webinar : Improve customer experience with Voice Bots
Register Now
close-image
Live Event: Technology Day- Kerala, E- Governance Champions Awards
Register Now
close-image
Virtual Conference : Learn to Automate complex Business Processes
Register Now
close-image