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In December 2020, the shares of Alibaba Team suffered a historic stock price crash to the bottom near in about six months, pursuing the antitrust investigation into the corporate by Chinese regulators.[50] In December 2020, China's Point out Administration for Market place Regulation (SAMR) said that it opened an investigation into Alibaba over monopolistic tactics.[51][fifty two] The region's central bank, and 3 other regulators, verified in the separate assertion that the affiliated Ant Team would also be summoned for conversations more than "Level of competition and client rights", where by regulators instructed the business to return its focus to electronic-payments.[fifty three] Folks's Each day, the official newspaper on the Central Committee of your Chinese Communist Occasion, endorsed the investigation Soon after the announcement, saying the investigation to become "a vital action in strengthening antimonopoly oversight in the web sphere".

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