On the afternoon of August 30th, the State Administration for Market Regulation announced that Alibaba Group had completed a three-year rectification and achieved good results.
According to a response from Alibaba, "For Alibaba, this is a new starting point for development. In the future, we will continue to focus on innovation, adhere to compliant operations, increase investment in technology, promote the healthy development of the platform economy, and create more value for society
The State Administration for Market Regulation stated in the announcement that Alibaba strictly regulates its own business behavior, conscientiously implements the platform's main responsibility, improves the enterprise compliance management system, enhances the service level of merchants and consumers on the platform, and achieves good results in compliance rectification work. Next, the General Administration will provide solid support for building world-class enterprises and enhancing international competitiveness.
According to public information, in April 2021, Alibaba carried out a three-year self-examination and rectification in accordance with the requirements of the State Administration for Market Regulation.