Chinese regulators have approved e-commerce giant Alibaba 18 billion yuan (2.75 billion US dollars, 2.308 billion euros), Violate antitrust rules and abuse your position market.
Fine, equivalent to Approximately 4% of the company’s revenue Within the framework of China’s strict control of large technology companies in recent months, this is the largest antitrust law in China’s history.
The State Administration for Market Regulation (SAMR) stated in a statement that an investigation launched in December determined that Alibaba has been “abusing market dominance” Since 2015.
Alibaba and Tencent together One of the Chinese tech giants In the crosshairs of Chinese regulators, this is also the same as Criticism published Last October, its founder, tycoon Jack Ma Opposition to financial control systems From country.
In December last year, SAMR announced an antitrust investigation against the company, which began that month Suspension of Ant’s planned initial public offeringIt is the technology finance subsidiary of Alibaba, which is the largest subsidiary in history, with estimated revenue of 37 billion U.S. dollars.
The sanctions announced this Saturday are Is more than twice the 6.1 billion yuan -The highest fine imposed by the country so far- Qualcomm, The world’s largest chip supplier.
According to SAMR, Alibaba abuses its dominant position to force its suppliers to choose it Other market platforms thus violated “their rights and the rights of consumers.”
He said that these practices “violated China’s antitrust laws, Prevent the free movement of goods Infringe on the supplier’s commercial interests. “
The regulator also ordered Alibaba Make “exhaustive corrections” Strengthen internal compliance and protect consumer rights. “
Alibaba stated in its statement, “Sincerely accept sanctions, Will ensure its compliance with the decision“
“In order to fulfill its responsibility to society, Alibaba Will make every effort to operate in accordance with the law, Will continue to strengthen its compliance system and achieve growth through innovation. “
The company founded by Jack Ma has been criticized by competitors and sellers in the past. Prohibit your provider from registering on other platforms E-commerce.
A kind Quite common practice in the industry The regulator warned in February last year that it was illegal.
This People’s DailyThe official body of the Chinese Communist Party pointed out in an editorial this Saturday that severe sanctions “This does not mean any change in the country’s attitude towards supporting Internet platforms”.
“The purpose of the fine is Promote the healthy and sustainable development of the industry The country’s internet,” he said.