Chinese regulators have launched an investigation into e-commerce site Alibaba and fintech firm Ant Group. Regulators will “urge and guide” Ant Group to comply with regulatory requirements, including “financial supervision, fair competition, and consumer protection,” said People's Bank of China in a statement.

Beijing Launches Antitrust Probe Into Tech Giant Alibaba, Scrutinizes Ant Group

Two Chinese companies founded by billionaire Jack Ma have come under Chinese regulators’ scrutiny, including with the launch ...

theepochtimes.com

#alibaba#jackma#china#antgroup#fintech

Dec 24 2020 · 8:40 PM

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