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.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.