China's market regulator investigates Alibaba joint venture

Reuters2021-04-19

BEIJING, April 19 (Reuters) - China’s market regulator is investigating a joint venture between e-commerce giant Alibaba Group and Minmetals Development, Minmetals said on Monday, amid a broad antitrust clampdown on internet firms.

Minmetals said in a statement that it received a notice from the State Administration for Market Regulation in recent days about an investigation into the joint venture formed in 2015, in which Alibaba transferred its 44% stake to an unrelated firm in 2019.

Alibaba declined to comment.

The investigation follows the record $2.75 billion antitrust fineimposed on Alibaba earlier this month.

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精彩评论

  • mistyzenz
    2021-04-20
    mistyzenz
    树大招风
  • Piggu
    2021-04-19
    Piggu
    Wow! Like pls.
  • joshc
    2021-04-19
    joshc
    Again trying to have bad publicity for them
  • meowmeowme
    2021-04-19
    meowmeowme
    No end yet. Most popular whippong boy...
  • AliceQuah
    2021-04-19
    AliceQuah
    Be patient, good company, stock price eventually will goes up. Just need time.
    • samfernando
      Agreed.. Do you think the market has priced in most of its adverse events?
  • Leeverp001
    2021-04-19
    Leeverp001
    Comments 
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