"Ali baby" regains the confidence of the Chinese government after 3 years of investigation

The government authorities in China have more than three years after a historical performance of the anti -monopoly authority more than three years of confidence in the “Ali Baby Holding” business renewed on its behavior through electronic platforms, which shows the eagerness of Beijing to send a signal to the support for the giant technological sector in the country. A statement from government management to organize the market said that the leading company in the field of E -commerce in China stopped monopolistic practices that led to the opening of an investigation more than three years ago, adding that it stopped forcing traders to improve their products exclusively on their platforms, improve the services of buyers. The shares of “Ali baby” rose by more than 4% during informal trading hours before the start of the New York stock exchange sessions. The support of the private sector is in line with this official accreditation of the company’s activities with the increase in Beijing to support the private sector and the technological sector, which is more urgent in light of the problems the country faces to get out of the economic recession after the period of the Corona epidemic. A group of government agencies launched strict regulatory campaigns to control the influence of business leaders in the Chinese technological sector and its founders of billionaires, but officials showed a less strict position on the private sector during 2023 compared to 2020 and 2021. Campaign, which eventually included sectors. -Commerce. Less than a year after the investigation began, the authorities “Ali Baba” imposed a $ 2.8 billion record fine after issuing his decision that he had offended his dominance on the market. The anti -monopoly authority today mentioned the effective results of the ‘Ali Baba’ affirmative actions over a three -year period, which he requested during the imposition of the fine. The government added that it would direct ‘Ali baby’, to continue organizing its operational operations and to improve the compliance of the rules. The company said in a statement: “This is a new beginning for us, and in the future we will continue to focus on innovation and commitment to meet the rules, improve investments in technology, develop the economy of digital platforms in a proper way and achieve greater social value.” Continuous fears that have been a campaign of strict regulatory procedures for years, which have been shaded in the economy. The financing provided to the new startups has decreased with the transformation of entrepreneurs and investors, who were afraid of this organizational campaign, to sectors such as the manufacture of chips and artificial intelligence that keeps pace with the priorities of Beijing. The sector became more careful about investigating growth initiatives after being free to relocate, for fear of new investigations. Currently, the sector continues due to the slowdown in consumer spending. The company “BDD Holdings”, the owner of “Timo”, surprised investors last Monday with unusual pessimistic expectations, in the latest warning to the world markets about the strength of the Chinese economy. Ali Baba and BDD announced less revenue than estimates, although the latter is very popular in the market thanks to the cheap goods that helped support the company’s position during the slowdown in the country’s economy.