Alibaba completes rectification

Alibaba Group has completed a three-year regulatory rectification process mandated by China's State Administration for Market Regulation (SAMR) following a $2.8 billion antitrust fine in 2021 for monopolistic practices. The SAMR confirmed that Alibaba has ceased its 'choose one of two' policy, which previously forced merchants to select between competing platforms. Following the announcement, Alibaba's shares rose significantly, reflecting improved market sentiment amid a perceived easing of regulatory pressures on tech companies in China. Analysts view the completion of the rectification as a 'new start' for Alibaba, which may enhance compliance and innovation moving forward. This development also signals a shift in the regulatory environment towards fostering growth in the platform economy while maintaining oversight. Observers believe that Alibaba's compliance could restore consumer confidence and promote a healthier competitive landscape in the industry.