Alibaba jumps 4% in premarket after it completes three-year regulatory overhaul
BABABABA(BABA) CNBC·2024-08-30 19:01

Alibaba has completed a three-year regulatory "rectification" process following an antitrust fine it received on charges of monopolistic practices in 2021, China's market regulator said on Friday.Shares of Alibaba rose 4.01% at 06:59 a.m. in premarket trading in the U.S.On Friday, China's State Administration for Market Regulation (SAMR) said that, over the past few years, it has been supervising Alibaba's process to become compliant with antitrust regulations. The rectification work has achieved "good resu ...