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China Opens Antitrust Investigation Into Alibaba



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“This is an important step in strengthening antimonopoly oversight in the internet sphere,” said the article, which was published on the paper’s website Thursday morning. “This will be beneficial to regulating an orderly sector and promoting the long-term healthy development of platforms.”Political insiders and investors in China have speculated for years that the national leader, Xi Jinping, would be tempted to move against Alibaba and Mr. Ma, worried that their influence was an increasing affront to the Communist Party and that it could undermine control of capital markets and the internet. But until recently, Chinese regulators had moved …

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