Alibaba Completes Three-Year Antitrust Review

After more than three years of regulatory scrutiny, Alibaba Group Holding Limited has received clearance from China’s State Administration for Market Regulation. The regulator praised Alibaba for ceasing monopolistic practices and achieving effective compliance results following a record $2.8 billion fine in 2021 for market dominance abuse. This endorsement signals a supportive shift in Beijing’s stance towards the private sector as it seeks to bolster economic growth. Analysts have a positive outlook on Alibaba's stock, with an average 12-month price target of $106.45, suggesting potential upside. Alibaba's shares rose over 4% in pre-market trading following the announcement, marking a 'new starting point' for the company as it aims to enhance its global competitiveness and service levels.