Ecommerce giant Alibaba Group Holding and on-demand service platform operator Meituan together contributed 92% of the antitrust fines handed out in China last year, according to an annual report published this week by the State Anti-Monopoly Bureau.
Authorities collected 23.6bil yuan (US$3.53bil or RM15.53bil) in antitrust fines in 2021, about 52 times the 450mil yuan (RM295.72mil) received in 2020, according to the report.
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