China has formally kicked off an investigation into alleged monopolistic practices at Alibaba Group Holding, escalating a campaign of scrutiny over the country’s internet giants. The State Administration for Market Regulation is investigating Alibaba, the regulator said in a statement without giving further details. Shares in SoftBank Group, Alibaba’s largest shareholder, erased gains to trade […]
source https://www.seattletimes.com/business/china-launches-probe-into-internet-giant-alibaba-over-monopoly-allegations/?utm_source=RSS&utm_medium=Referral&utm_campaign=RSS_technology
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