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In April 2021, the State Administration for Market Regulation supervised Alibaba Group to complete a three-year rectification. In accordance with the law, the State Administration for Market Regulation imposed administrative penalties on Alibaba Group Holding Co., Ltd. (hereinafter referred to as Alibaba Group) for its monopolistic behavior in the Chinese online retail platform service market, ordered it to stop illegal activities, conduct comprehensive self-examination and rectification, and submit self-examination compliance reports to the State Administration for Market Regulation for three consecutive years.
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