E-commerce giant Alibaba Group Holding and on-demand service platform operator Meituan together contributed 92 per cent of the antitrust fines handed out in China last year, according to an annual report published this week by
the State Anti-Monopoly Bureau.
Authorities collected 23.6 billion yuan (US$3.53 billion) in antitrust fines in 2021, about 52 times the 450 million yuan received in 2020, according to the report.