China issues record antitrust fine
By EsqSocial Corporation 23/04/21
On Saturday 10 April 2021, the State Administration for Market Regulation (SAMR) issued a landmark decision, penalising the Chinese e-commerce group Alibaba for abusing its dominant position. The Chinese authority imposed a record fine of RMB18.228 billion (USD2.8bn) on Alibaba for preventing merchants who sold their products on its online platform from dealing with other competing platforms (Decision). Please see full Publication below for more information....
By: Allen & Overy LLP