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In December 2020, the shares of Alibaba Group endured a historic stock rate crash to the lowest shut in all over six months, following the antitrust investigation into the corporation by Chinese regulators.[50] In December 2020, China's Condition Administration for Sector Regulation (SAMR) stated that it opened an investigation into Alibaba over monopolistic practices.[51][52] The state's central financial institution, as well as a few other regulators, confirmed in a independent assertion which the affiliated Ant Group would even be summoned for conversations around "competition and consumer rights", wherever regulators instructed the company to return its concentrate to digital-payments.[53] People today's Every day, the official newspaper on the Central Committee on the Chinese Communist Get together, endorsed the investigation Soon following the announcement, declaring the investigation being "a crucial step in strengthening antimonopoly oversight in the net sphere".
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