Investigation into Chinese government's monopoly against e-commerce giant Alibaba

(PTI) Beijing, Ta. Thursday, December 24, 2020

The Chinese government has launched an investigation against Alibaba under anti-monopoly law. Alibaba is the e-commerce platform of Chinese company Tencent Holding. His job is to sell online and Jack Ma owns them. Alibaba is the world's largest e-commerce company in terms of sales volume.

The Chinese government is now scared of it, so it has started laying rubble in the name of investigation. On the one hand, China is facing economic difficulties. At that time the company is growing day and night. Not only that, it is now entering the banking sector. The Chinese government does not like the influence of a private company.

That is why China is investigating the company under the Monopoly Act, citing old details. According to experts, the investigation is being carried out by order of the ruling Communist Party of China. The government statement said that if the company continues to grow as it is growing, then healthy competition will end in the future.

The US and European countries are plagued by the extraordinary monopoly of Google-Facebook-Amazon-Apple. That's why there are now investigations against tech giants. China has already launched an investigation and taken control of the company before it was too late.

China has a communist regime. There is no such thing as freedom of speech. Against this, Jack Ma has often made statements that do not suit the government. The government has also received some complaints against Alibaba, so an investigation has now been launched. The company's shares fell after the decision.