China’s market regulator says Alibaba completed 3-yr ‘rectification’ period

China’s State Administration of Market Regulation issued a statement on Friday saying Alibaba Group had completed three years “rectification” following a fine levied in 2021 for monopolistic behaviour.

In 2021, the regulator slapped a record $2.75 billion fine on the e-commerce giant for abusing its market position by forcing merchants on its platforms not to work with rival platforms.