Announcement from Alibaba Group
Alibaba Group Holding Limited (NYSE: BABA) has received a notice from the State Administration for Market Regulation (SAMR) in China regarding an investigation under the Anti-Monopoly Law. The Company stated it will cooperate with the investigation, assuring that its business operations continue normally. This development may impact investor sentiment, as regulatory scrutiny can lead to potential fines or operational changes.
- Business operations remain normal despite the investigation.
- Investigation could lead to regulatory fines or operational changes affecting future performance.
Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988, the “Company”) announced that today it received a notice of investigation (the “Notice”) from the State Administration for Market Regulation of the People’s Republic of China (the “SAMR”). The Notice states that the SAMR has commenced an investigation pursuant to the Anti-Monopoly Law of the People’s Republic of China. We will actively cooperate with the SAMR’s investigation. The Company’s business operations remain normal.
About Alibaba Group
Alibaba Group’s mission is to make it easy to do business anywhere. The company aims to build the future infrastructure of commerce. It envisions that its customers will meet, work and live at Alibaba, and that it will be a good company that lasts for 102 years.
View source version on businesswire.com: https://www.businesswire.com/news/home/20201224005036/en/
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