Business
Alibaba being investigated by China over monopoly tactics – BBC News
The Chinese tech giant is face a probe by regulators into locking merchants into its platform.
image copyrightGetty Images
Chinese tech giant Alibaba is being investigated by regulators over monopolistic practices.
China’s State Administration for Market Regulation (SAMR) made the announcement on Thursday.
Regulators have previously warned Alibaba about forcing merchants to sign exclusive deals which prevent them from offering products on rival platforms.
Financial regulators will also meet with Alibaba’s financial technology offshoot Ant Group in the coming days.
The investigation into monopolistic…
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