JAKARTA – Xi Jinping's government punished e-commerce company Alibaba with a fine of 18.23 billion (equivalent to Rp 41 trillion). Jack Ma's company was ensnared in a monopoly case by the Chinese government.
The government through the State Administration for Market Regulation (SAMR) blatantly accused Alibaba of monopolizing by dominating the market.
"Alibaba is violating merchant business on the platform as well as the legitimate rights and interests of consumers," samr said as quoted from CNBC International, Monday, April 12.
Not only tens of trillions of fines, Alibaba also has to provide compliance reports to SAMR in 3 consecutive years. Until now, Alibaba reportedly accepted the government's decision.
"Alibaba accepts the penalty sincerely and will ensure its compliance with determination," alibaba said.
"To fulfill its responsibilities to the community, Alibaba will operate in accordance with the law with great diligence, continue to strengthen its compliance system, and build growth through innovation," alibaba added.
Earlier, the Chinese government conducted an investigation that forced traders to determine one e-commerce platform from another. Merchants also can't work with other platforms when they've chosen Alibaba.
Authorities argue that the rules for choosing one of these e-commerces have led Alibaba to strengthen its position in the market. The company will also be superior to its competitors.
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