The Chinese market regulator opened an investigation against Alibaba over alleged anti-competitive practices on the online shopping platform. At stake is a strategy of one of the largest e-commerce companies in the world in relation to merchants.
Alibaba’s policy of “choosing one of the two” states that traders are forced to sell exclusively on the Chinese platform, if they choose Alibaba, and cannot have the same strategy on rival websites like JD.com and Pinduoduo. And that is exactly what the regulator made clear this Thursday that he will investigate.
Cited by Techcrunch, the Alibaba Group has already reacted, guaranteed to have received the notification. “Alibaba will actively cooperate with regulators in the investigation,” the company said.
Meanwhile, Alibaba’s shares fell more than 8% on the Hong Kong Stock Exchange on Thursday.
It should be noted that regulators have previously forced the suspension of listing on the Ant Group, an online finance platform derived from Alibaba, which owns the Alipay digital wallet. Another announcement reveals that Ant officials have been summoned to meet with regulators.
What is certain is that Alibaba is a platform with a very significant weight in China and around the world. In November, and with the Singles’ Day campaign going on for a few days, the company accumulated online sales of $ 74 billion, a new record.