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Alibaba: sincerely accept the punishment and resolutely obey. Today is a crucial day in the development of the company

via:博客园     time:2021/4/10 23:12:20     readed:233

According to the provisions of Articles 47 and 49 of the anti monopoly law, and taking into account the nature, extent and duration of Alibaba Group's illegal acts, on April 10, 2021, the General Administration of market supervision made a decision on administrative punishment in accordance with the law, ordering Alibaba group to stop its illegal acts and imposing a fine of 455.712 billion yuan (4%) on its sales in China in 2019 18.228 billion yuan.

At the same time, in accordance with the principle of combining punishment with education in the administrative punishment law, the administrative guidance book was issued to Alibaba group, requiring it to carry out comprehensive rectification around strictly implementing the main responsibility of platform enterprises, strengthening internal control and compliance management, safeguarding fair competition, and protecting the legitimate rights and interests of businesses and consumers in the platform, and submitted to the General Administration of market supervision for three consecutive years Self check compliance report.


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