Like other e-commerce companies, the Chinese company Alibaba lived a distinguished year in which it achieved great profits, due to the high orders due to the Corona virus epidemic that prevented many people from making the direct purchase process, and the Chinese Singles Day last November made the company huge profits And unprecedented
But the Chinese company Alibaba is facing major problems in its mother country, China, which may break its success on the global level, as the Chinese authorities have begun to investigate new charges of Alibaba in relation to monopoly operations and the exploitation of the dominant position that the e-commerce company is accused of, as the sources say, quoting Regarding the complaints of some authorities, Alibaba is forcing merchants to sell their products and goods exclusively on its platform, but some authorities say that the case is just revenge from the Chinese authorities
According to the British Financial Times newspaper, the new decision came in response to criticisms made by the founder and CEO of Alibaba, the Chinese company, Jack Ma, of the Chinese state-owned banking sector in addition to the institutions regulating the financial sector in the country, and the newspaper says that the new decision was not the first of its kind in It was preceded by the last-minute cancelation of the Ant Group's IPO and a fine last week by the Alibaba Group for failing to report a takeover deal
And the giant Alibaba Group is currently facing big problems in China with the Chinese authorities. According to press sources, the problems are political, not economic or judicial
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