The logo of Alibaba, which was hit with a record fine by China’s central regulators this month, is seen at its office in Beijing on January 5, 2021. Photo: Reuters
Antitrust regulator SAMR is now the sheriff of China’s Big Tech after Alibaba fine, analysts say
- The State Administration of Market Regulation was formed just three years ago
- The government agency has become one of the most powerful forces in China’s crackdown on internet giants
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The logo of Alibaba, which was hit with a record fine by China’s central regulators this month, is seen at its office in Beijing on January 5, 2021. Photo: Reuters