On December 24, law enforcement officers from the investigation team of the State Administration for Market Regulation of China entered Alibaba Group Holdings Co., Ltd. to conduct an investigation. Alibaba was accused of monopoly by the authorities. Today (27th), the Zhejiang Market Supervision Bureau stated that the stationed investigation has come to an end. Investigators pointed out that Alibaba Group Holdings Co., Ltd. actively cooperated, seriously accepted the inquiry of the investigation team, provided relevant information in a timely manner, and consciously accepted the investigation.
The person in charge of the Zhejiang Market Supervision Bureau said in an interview that the investigators conducted investigations and inquiries on Alibaba Group Holding Co., Ltd. and relevant persons in charge of the department, and extracted relevant evidence. The person in charge pointed out that due to the active cooperation of Alibaba Group Holdings Co., Ltd., it seriously accepted the inquiry of the investigation team, provided relevant information in a timely manner, and consciously accepted the investigation. He declared that “the whole process was smooth and orderly, and the on-site investigation was completed that day.”
The person in charge also explained what work was done in the investigation. He pointed out that after receiving the task, he conducted research and judgment as soon as possible, and formulated a cooperation guarantee plan based on the research and judgment situation. In order to ensure the smooth progress of the investigation, the Zhejiang Market Supervision Bureau assigned manpower to several teams, implemented a “one-to-one” docking mechanism, and actively cooperated with the investigation team of the State Administration of Taxation.
When talking about the impact of this anti-monopoly investigation by Alibaba Group Holding Co., Ltd. on the economic development of Zhejiang’s platform, the person in charge said: “Currently, there are 310 online trading platforms of various types in the province, and the number of online stores on these platforms exceeds 9 million. In 2019, the online transaction volume of the platform exceeded 7 trillion yuan, accounting for nearly 70% of the country’s total consumer online commodity transactions. Zhejiang’s platform economy is booming, with new business formats and new models emerging in an endless stream, becoming a new driving force for economic growth. But with this At the same time, some competition risks and hidden dangers have also emerged in the development of the platform economy, such as the issue of “choosing one of the two” among platform companies. “
However, in response to the investigation of Alibaba by the State Administration of Market Supervision, the person in charge responded, “This does not mean that the country’s attitude towards encouraging and supporting the platform economy has changed. It is precisely to better regulate and develop the platform economy, guide, Promote its healthy development in order to make greater contributions to high-quality economic development.”
He explained that the anti-monopoly investigation is an opportunity to enhance the awareness of fair competition and anti-monopoly compliance of Internet platform enterprises in Zhejiang Province, as well as an opportunity to open up the innovative development, orderly development, and healthy development of the platform economy. It is believed that Alibaba Group Holding Co., Ltd. will further strengthen the construction of anti-monopoly compliance and promote the development of legal compliance after this investigation.