The giant is under the magnifying glass of Gobierno since last November.
The Chinese authorities plan to impose a multitude of more than 975 million dollars in Alibaba and the context of the conflict on its part, the multimillionaire Jack Ma, reports the diary The Wall Street Journal (WSJ) making reference to facts about .
According to the information, the antimonopoly entity requires that Alibaba ponga fin to the practice of sanctioning merchant listings that sell products on Alibaba and, at the same time, on its rival platforms, including JD.com. También is demanding that Jack Ma’s company get some active and unrelated people with its main line of online minority sales.
Currently, Alibaba is facing a double challenge: correcting anti-competitive behavior and adhering to Gobierno’s political agenda. In agreement with the WSJ, Alibaba’s pressure reflects the position of the Chinese government, which implies the existence of state prerogatives on the economy, and this idea could strengthen the innovation and competitive spirit that impelled China’s crime in the end.
Previously, the largest deal in Chinese history ($ 975 million) was taxed in 2018 at Qualcomm, one of the world’s largest chip production companies, violating antitrust law.
Tension teams for Jack Ma y China
Chinese authorities are encroaching on the process of remodeling their relationship with the Internet giants, which can be economically powerful, huge base of data and resources on all aspects of the life of the converts in a precautionary manner.
As of last year’s fines, Alibaba together with its financial subsidiary Ant Group Co. is in the miracle of Beijing. In November 2020, the Ant Group ball salute, which was the largest in history, was suspended at the last minute. It was reported that with this step the Governor was claiming a lesson from Jack Ma on his criticisms of the financial supervision of high-tech industry by Chinese regulators.
The media provoked intense speculation about Jack Ma’s destination, and led to the discounting of the company’s various variants, which, according to Bloomberg, were expected to present statements. Asimismo, China launched an investigation against Alibaba for monopolistic practices. In addition, information indicates that the operator is in agreement with the requirements of the regulators with the experience of proceeding with the OPV in two years.