China finds 43 anti-trust law violations involving Alibaba, Baidu, JD.com

Alibaba overhauls e-commerce businesses, appoints new CFO
Alibaba overhauls e-commerce businesses, appoints new CFO Copyright Thomson Reuters 2021
Copyright Thomson Reuters 2021
By Reuters
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BEIJING - China's State Administration of Market Supervision found 43 cases that violated regulations under antimonopoly legislation, involving companies including Alibaba, Baidu and JD.com, and imposed penalties, according to a notice from the regulator.

Enterprises involved in the cases would be fined 500,000 yuan ($78,000), it said.

($1 = 6.3863 Chinese yuan renminbi)

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