The logos of Ant Group and Alibaba pictured at the headquarters of Ant Group, an affiliate of Alibaba, in Hangzhou, Zhejiang province, on October 29, 2020. Photo: Reuters
The logos of Ant Group and Alibaba pictured at the headquarters of Ant Group, an affiliate of Alibaba, in Hangzhou, Zhejiang province, on October 29, 2020. Photo: Reuters
Alibaba

Alibaba antitrust probe: home province vows to bring platform economy into ‘new stage’

  • The Zhejiang Communist Party pledged on Monday to bring progress to the platform economy, answering a call from Beijing to tame capital expansion
  • Zhejiang is China’s platform economy and fintech leader thanks in part to the presence of Alibaba and Ant Group

The logos of Ant Group and Alibaba pictured at the headquarters of Ant Group, an affiliate of Alibaba, in Hangzhou, Zhejiang province, on October 29, 2020. Photo: Reuters
The logos of Ant Group and Alibaba pictured at the headquarters of Ant Group, an affiliate of Alibaba, in Hangzhou, Zhejiang province, on October 29, 2020. Photo: Reuters
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