The Chinese government has announced that it has fined the largest domestic online shopping company, Alibaba Group, for violating the Antimonopoly Act by about 300 billion yen in Japanese yen.
It appears to be part of the Chinese government's tightening of tightening on growing influential IT companies.
China's Directorate General of National Market Supervision and Administration announced on the 10th that it has fined Alibaba Group, the largest online shopping company, for violating the Antimonopoly Act by more than RMB 18.2 billion and about JPY 300 billion in Japanese yen. ..
This is considered to be the highest fine ever for an antitrust violation.
As a result of a survey conducted from December last year, it was confirmed that Alibaba Group used its exclusive position to prevent companies that open online stores from opening stores on other online shopping sites.
These actions limit competition in the online shopping market and require fines and to report improvements to the authorities for the next three years.
In response, Alibaba Group announced a comment saying, "We will accept the punishment in good faith and will do so. We will further strengthen compliance and fulfill our social responsibilities."
The Chinese government is tightening its squeeze on the growing influence of IT companies, and has also announced a policy to revise antitrust violations, including stricter punishment for violations.
Among them, Alibaba put strong pressure on companies that operate cashless payment services under the group after the founder Jack Ma criticized the financial authorities in October last year. I have received it.