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In December 2020, the shares of Alibaba Group experienced a historic stock price crash to the bottom close in all-around 6 months, adhering to the antitrust investigation into the organization by Chinese regulators.[fifty] In December 2020, China's Condition Administration for Market place Regulation (SAMR) mentioned that it opened an investigation into Alibaba in excess of monopolistic methods.[51][52] The state's central lender, and also 3 other regulators, confirmed within a individual assertion which the affiliated Ant Team would also be summoned for conversations above "Competitors and purchaser rights", where by regulators instructed the business to return its focus to digital-payments.[fifty three] Men and women's Every day, the official newspaper with the Central Committee from the Chinese Communist Occasion, endorsed the investigation shortly following the announcement, boasting the investigation to become "a significant step in strengthening antimonopoly oversight in the online world sphere".
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