Salem Radio Network News Tuesday, November 30, 2021

Business

China finds 43 anti-trust law violations involving Alibaba, Baidu, JD.com

BEIJING (Reuters) – China’s State Administration of Market Supervision found 43 cases that violated regulations under antimonopoly legislation, involving companies including Alibaba, Baidu and JD.com, and imposed penalties, according to a notice from the regulator.

Enterprises involved in the cases would be fined 500,000 yuan ($78,000), it said.

($1 = 6.3863 Chinese yuan renminbi)

(Reporting by Gabriel Crossley; Editing by William Mallard)

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