Alibaba, Meituan paid the bulk of China’s US$3 billion antitrust fines in 2021, report shows

  • The State Administration for Market Regulation collected 23.6 billion yuan (US$3.53 billion) in fines in 2021, about 52 times the 450 million yuan received in 2020
  • Authorities say they have achieved “important results” in disciplining monopolistic behaviours and will now focus on restoring market confidence

A staff member walks past a logo of Chinese e-commerce giant Alibaba in its headquarters in Hangzhou in China’s eastern Zhejiang province on May 27. Photo: AFP
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.

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