An article in the Wall Street Journal has provided information about the whopping $2.8 billon dollar fine imposed on Alibaba by Chinese corporate regulators.
Here is an extract: "China’s antitrust regulator imposed a fine equivalent to $2.8 billion against Alibaba Group Holding Ltd. for abusing its dominant position over rivals and merchants on its e-commerce platforms, a record penalty in the country that comes amid a wave of scrutiny on the business empire of company founder Jack Ma.
China’s State Administration for Market Regulation said Saturday in Beijing that Alibaba punished certain merchants who sold goods both on Alibaba and on rival platforms, a practice that it dubbed “er xuan yi”—literally, “choose one out of two.”
This news explains something that has been puzzling me for some time. Over the past 6 months I have found it more and more difficult to track down information on suppliers. The most basic question I am often asked is: "Is this company a manufacturer?"
What I have been finding is that almost every Alibaba listed company whose details I am searching no longer advertise anywhere but on Alibaba. This is a result of Alibaba's policy of downgrading their listings and by other means punishing companies that dare try to sell outside Alibaba. This even extends to those who have their own websites. Those individual company wesbites have simply disappeared.
Somehow Alibaba has managed to ensure that even Chinese equivalents of companies like Bloomberg no longer publish any information about Chinese companies that sell on Alibaba! What power Jack Ma has!!!
Fortunately I still manage to sort many of the pretenders out from among the small number of genuine manufacturers, but please don't anybody tell Jack.
Walter
Here is an extract: "China’s antitrust regulator imposed a fine equivalent to $2.8 billion against Alibaba Group Holding Ltd. for abusing its dominant position over rivals and merchants on its e-commerce platforms, a record penalty in the country that comes amid a wave of scrutiny on the business empire of company founder Jack Ma.
China’s State Administration for Market Regulation said Saturday in Beijing that Alibaba punished certain merchants who sold goods both on Alibaba and on rival platforms, a practice that it dubbed “er xuan yi”—literally, “choose one out of two.”
This news explains something that has been puzzling me for some time. Over the past 6 months I have found it more and more difficult to track down information on suppliers. The most basic question I am often asked is: "Is this company a manufacturer?"
What I have been finding is that almost every Alibaba listed company whose details I am searching no longer advertise anywhere but on Alibaba. This is a result of Alibaba's policy of downgrading their listings and by other means punishing companies that dare try to sell outside Alibaba. This even extends to those who have their own websites. Those individual company wesbites have simply disappeared.
Somehow Alibaba has managed to ensure that even Chinese equivalents of companies like Bloomberg no longer publish any information about Chinese companies that sell on Alibaba! What power Jack Ma has!!!
Fortunately I still manage to sort many of the pretenders out from among the small number of genuine manufacturers, but please don't anybody tell Jack.
Walter
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