The Anti-monopoly Law stipulates that by implementing monopoly agreements or abusing dominant market position, operators will have their illegal income confiscated and be fined between 1% and 10% of the sales volume of the previous year. Alibaba (09988) once demanded "one out of two" for merchants on the platform due to abusing its dominant market position, was fined 4% of the 2019 turnover by the Municipal Supervisory Administration in April 2021, involving 18.228 billion RMB, setting the highest anti-monopoly fine at the time, and requiring a 3-year anti-monopoly rectification.
$阿里巴巴-W(09988)$ $攜程網(TCOM)$
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