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China tech

China launches antimonopoly probe against Alibaba

Financial regulators call in Ant Group executives for talks

The State Administration for Market Regulation said it is investigating alleged Alibaba practices, such as requiring vendors to exclusively list their products on its platforms.   © Reuters

HONG KONG -- Chinese authorities have launched an antimonopoly investigation against e-commerce company Alibaba Group Holding and have summoned executives at its Ant Group financial affiliate in a sign that Beijing is heightening its crackdown on the power of the country's tech giants.

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