China Launches an Investigation For Alibaba

China Launches an Investigation For Alibaba China launches an investigation for Alibaba. The government announced that it has initiated an anti-monopoly review of Alibaba, one of the country's biggest tech giants. China launched an investigation against Alibaba for monopolistic practices. In this context, China called for a meeting for Ant Group to talk about high-level financial arrangements. The investigation, reported on Thursday, covers many different industries, from e-commerce to logistics and social media. The draft anti-monopoly law, published in November, contains articles broad enough to allow the government to exercise full control over entrepreneurs like Ma. Companies such as Alibaba and Tencent, which were once the symbols of economic development in the country, have come under increasing pressure from regulators as they increased their number of users and reached a position to seriously affect daily life. Alibaba founder Jack Ma did not appear in public after the cancellation of Ant's public offering last month, and in December, the government warned him to not to leave the country.