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China's Alibaba probe is not all bad news

New competition regulator is showing needed transparency and professionalism

| China
The headquarters campus of Alibaba Group in Hangzhou, pictured on Dec. 24: Chinese antitrust regulators are aware of spillover effects from their moves against Alibaba.   © FeatureChina/AP

Angela Huyue Zhang is an associate professor at the University of Hong Kong and director of its Center for Chinese Law. She is the author of the upcoming book "Chinese Antitrust Exceptionalism: How the Rise of China Challenges Global Regulation." (Oxford University Press, March 2021)

The Christmas Eve announcement by China's State Administration of Market Regulation that it would investigate Alibaba Group Holding for monopolistic tactics wiped over $100 billion from the company's market value within just a day.

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