Alibaba Facing Anti-Monopoly Probe By Chinese Government
According to Alibaba’s website, “Recently, the State Administration of Market Supervision, based on reports, filed investigations into Alibaba Group Holdings Co., Ltd. for suspected monopolistic conduct such as ‘choosing one over the other’.”
There are many interesting things about the Chinese government investigating “suspected monopolistic conduct.” What it tells me is that no matter the political system, big tech scares big government.
As our elected officials go after big tech here in the U.S., we should stop to consider what the end goal is. What do we fear? It’s not their monopolistic conduct. That’s the nature of online businesses: after a shakeout, one technology company wins. It’s the data! How will these antitrust cases solve for that?
Disclosure: This is not a sponsored post. I am the author of this article and it expresses my own opinions. I am not, nor is my company, receiving compensation for it.
Shelly Palmer is Fox 5 ...
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If you take it at face value this is not political retribution against $BABA, that bodes well as it is easier to fix. There is undoubtedly a power aspect to this, but there is also a strong incentive for all to strike a balance and prosper. Long and frazzled.. lol