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In December 2020, the shares of Alibaba Group suffered a historic stock cost crash to the lowest close in all over 6 months, adhering to the antitrust investigation into the corporate by Chinese regulators.[fifty] In December 2020, China's Point out Administration for Current market Regulation (SAMR) mentioned that it opened an investigation into Alibaba more than monopolistic tactics.[51][52] The state's central bank, in addition to 3 other regulators, verified inside of a different assertion which the affiliated Ant Team would also be summoned for discussions over "Levels of competition and client rights", where regulators instructed the corporate to return its focus to digital-payments.[53] Folks's Everyday, the official newspaper in the Central Committee from the Chinese Communist Get together, endorsed the investigation shortly after the announcement, claiming the investigation to be "a very important move in strengthening antimonopoly oversight in the internet sphere".
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