Alibaba, sudden!
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发表于 2024-8-30 17:45:14
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The State Administration for Market Regulation supervises Alibaba Group to complete three-year rectification
Taylor, a reporter from China Fund News
Alibaba, welcome good news!
Alibaba Group completes three-year rectification
After the market closed on August 30th, according to the State Administration for Market Regulation, Alibaba Group has been supervised to complete a three-year rectification, and Alibaba has completely stopped its "two choice one" monopoly behavior. The compliance rectification work has achieved good results.
The report stated that in the past three years, the State Administration for Market Regulation has strengthened its supervision of Alibaba Group's compliance rectification, conducted in-depth inspections of the implementation of rectification, and commissioned third-party institutions to conduct law enforcement effectiveness evaluations. From the perspective of verification and evaluation, Alibaba Group has comprehensively stopped the "two choice one" monopoly behavior in accordance with the requirements of the "Administrative Penalty Decision" and "Administrative Guidance", strictly regulated its own business behavior, conscientiously implemented the platform's main responsibility, improved the enterprise compliance management system, improved the service level of merchants and consumers on the platform, achieved good results in compliance rectification work, improved the online retail market environment, effectively restored fair competition order, continuously expanded market development space, significantly improved competition vitality between platforms, and continuously optimized the quality of platform economic development and business environment.
Next, the State Administration for Market Regulation will guide Alibaba Group to continue regulating its operations, further improving compliance, quality, and efficiency, accelerating innovation driven development, continuously improving service levels, and providing solid guarantees for building a world-class enterprise and enhancing international competitiveness.
The Central Committee of the Communist Party of China and the State Council attach great importance to promoting the development of the platform economy. The State Administration for Market Regulation will resolutely implement the spirit of the 20th National Congress of the Communist Party of China and the 2nd and 3rd Plenary Sessions of the 20th Central Committee, coordinate efficiency and fairness, vitality and order, development and safety, adhere to regulatory norms and promote development equally, deeply promote anti-monopoly supervision and law enforcement in the field of platform economy, accelerate the improvement of the normalized regulatory system, guide platform enterprises to enhance their compliance capabilities and levels, continuously optimize the fair competition market environment, and promote the standardized, healthy and sustainable innovative development of the platform economy.
Alibaba responds
The reporter learned from Alibaba that this is a new starting point for Alibaba's 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
After the news came out, Alibaba's US stock market surged nearly 4% in pre-market trading!
In December 2020, the State Administration for Market Regulation launched an investigation into Alibaba Group Holding Limited's abuse of market dominance in the Chinese online retail platform service market in accordance with the Anti Monopoly Law.
On April 10, 2021, the State Administration for Market Regulation imposed administrative penalties on Alibaba Group in accordance with the law, ordering it to cease its illegal activities and imposing a fine of 18.228 billion yuan, equivalent to 4% of its 2019 sales revenue.
At the same time, in accordance with the principle of combining punishment with education in accordance with the Administrative Penalty Law, the "Administrative Guidance of the State Administration for Market Regulation: Alibaba needs to submit a self inspection compliance report every year within three years" to Alibaba Group, requiring it to comprehensively rectify the main responsibilities of platform enterprises, strengthen internal control compliance management, maintain fair competition, protect the legitimate rights and interests of merchants and consumers on the platform, and submit self inspection compliance reports to the State Administration for Market Regulation for three consecutive years.
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声明：该文观点仅代表作者本人，本文不代表CandyLake.com立场，且不构成建议，请谨慎对待。
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