China’s State Administration for Market Regulation (SAMR) will look into Alibaba’s practice of requiring sellers to agree to exclusive co-operation pacts preventing them from selling products on rival platforms, various media outlets have reported. SAMR is reportedly concerned about the influence Alibaba has on shoppers in China, given the millions…
Tag: alibaba
Alibaba sees trillion-dollar volume potential in China
Chinese online retail giant Alibaba is not done growing. The e-commerce platform’s parent company, Alibaba Group Holding Ltd., said it aims to serve over 1 billion annual active consumers and achieve over $1.4 trillion in annual gross merchandise volume through its China consumer business by the end of fiscal 2024.…