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China Seeks To Better Regulate, Guide Alibaba: Daily

CHINA PRESS

China's anti-trust investigation into Alibaba Group is to better regulate and guide the healthy development of the company and its internet peers as top policymakers mull the risks of a few large companies dominating the market, the People's Daily said. The State Administration of Market Regulation this week launched an anti-competition probe into Alibaba for allegedly forcing wholesalers to choose one of two competing platforms. China remains supportive of the online economy, the People's Daily said.

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