The Chinese regime imposes a record sanction on the Alibaba company of 2,780 million dollars

Chinese regulatory authorities have sanctioned Alibaba e-commerce giant with 18,000 million yuan (2,780 million dollars) for allegedly violating antitrust rules and abusing its market position.

The sanction, which equates to around 4% of the company’s entrants in 2019, is the biggest anti-monopoly tax in China, in the market of intense control taken by these countries in the last months over large technology companies.

In a statement, the State Administration for Market Regulation (SAMR, by its seal in English) states that an investigation initiated in December determined that Alibaba had been “abusing its dominance of the market” since 2015.

Alibaba, along with Tencent, is one of the Chinese technology giants at the point of view of Chinese regulators, which has also been linked with the critics launched last October by its founder, the magnate Jack Ma, against the control system financier of the country.

In December, the SAMR announced the opening of an antimonopoly investigation into the company and it suspended my suspension from Ant, the technical branch of Alibaba, which will be the mayor of history with a total of 37,000 residents. million dollars.

The announced sanction is more than double the 6,100 million yuan – the most heavily taxed mayor has just arrived in the country – which in 2015 paid off the qualifying firm Qualcomm, the mayor’s chipmaker worldwide.

According to SAMR, Alibaba abuses its dominant position to oblige its suppliers to choose between other platforms of the market, with which it violates “both its rights as consumers”.

These practices, he assures, “violate the Chinese antimonopoly laws to impede the free circulation of goods and infringe the interests of the suppliers”.

Asimismo, the regulator ordered Alibaba to carry out “corrective exhaustive measures” to strengthen internal compliance and protect consumer rights “.

For its part, Alibaba indicated in a statement that “accept the sanction with certainty and ensure its compliment with determination”

“In order to serve its responsibilities with the company, Alibaba will act in accordance with the law with the utmost diligence, continuing to strengthen its complementary systems and constructing innovation and innovation” afirmó.

The company founded by Jack Ma has been accused in passing by competitors and sellers of banning its entrants from enrolling in other e-commerce platforms.

A common practice in the sector and the regulator warned the past February that it was illegal.

The “Diary of the People”, an official organ of the Communist Party of China (PCCh), signaled to an editorial that the severe sanction “does not mean any change in the activity of the State to support Internet platforms”.

“The goal of the multitude is to promote a healthy and continuous development of the Internet industry in the country,” he said.

(With EFE information)

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