Reported about 1 month ago
Alibaba Group has gained the approval of China's antitrust watchdog following a three-year investigation into its business practices, indicating a governmental shift in support for the tech sector. The company has reportedly ceased monopolistic actions and improved competitiveness among online platforms, leading to a more positive stance from Beijing toward private firms. This approval marks a significant moment for Alibaba as it aims to foster innovation and compliance while navigating a challenging economic environment.
Source: YAHOO