China steps up pressure on Alibaba with anti-monopoly probe
Associated Press
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A security guard mans a checkpoint into the Alibaba Group headquarters in Hangzhou in eastern China's Zhejiang province on Friday, May 27, 2016. Chinese regulators on Thursday, Dec. 24, 2020 announced an anti-monopoly investigation of e-commerce giant Alibaba Group, stepping up official efforts to tighten control over China's fast-growing tech industries. (AP Photo/Ng Han Guan)Workers pass by a checkpoint into the Alibaba Group headquarters in Hangzhou in eastern China's Zhejiang province on Friday, May 27, 2016. Chinese regulators on Thursday, Dec. 24, 2020 announced an anti-monopoly investigation of e-commerce giant Alibaba Group, stepping up official efforts to tighten control over China's fast-growing tech industries. (AP Photo/Ng Han Guan)FILE - In this Oct. 12, 2018, file photo, Chairman of Alibaba Group Jack Ma speaks during a seminar in Bali, Indonesia. Chinas market regulator will increase scrutiny and regulation around the community group buying industry in China, summoning some of its largest tech companies involved to discuss the matter as it looks to eradicate anti-monopoly practices in the industry. In a statement on Tuesday, Dec. 23, 2020, Chinas State Administration for Market Regulation said it had held a meeting with six internet platform companies, including e-commerce firms Alibaba, JD.com and Pinduoduo, to discuss the regulation of community group buying. (AP Photo/Firdia Lisnawati, File)
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A security guard mans a checkpoint into the Alibaba Group headquarters in Hangzhou in eastern China's Zhejiang province on Friday, May 27, 2016. Chinese regulators on Thursday, Dec. 24, 2020 announced an anti-monopoly investigation of e-commerce giant Alibaba Group, stepping up official efforts to tighten control over China's fast-growing tech industries. (AP Photo/Ng Han Guan)