Chinese regulators will check Alibaba for violation of competition

Moscow. On 5 November. The state administration for industry and Commerce of China (SAIC) granted a request by the online retailer Inc., second largest Internet retailer in China, to test against Alibaba for violation of rules of free competition, reports Bloomberg.

According to JD, Alibaba tried to put pressure on sellers in the run-up to the sale on the Day of lonely people (11 November), forcing them to sell their goods either at its trading platform, or only from a competitor. This behavior contradicts the Antimonopoly law of China.

The day of lonely people, so named because of the presence of four units in the date (11.11), has been celebrated since 2009. In this day the online stores offer huge discounts and record multi-billion dollar revenues.

Last year, Alibaba for the day sold products to 57.1 billion yuan ($9 billion) is almost three times larger than the total volume of sales in the USA in cyber Monday (the first Monday after thanksgiving).