Alibaba Group released its financial report for the third quarter of fiscal 2021. In the analyst call after the financial report was released, Zhang Yong, Chairman and CEO of Alibaba Group, said that Ant’s suspension of listing and antitrust investigations against Alibaba Group is calm An important opportunity to reflect and improve yourself. In the face of fierce market competition, Ali will continue to upgrade its ability to create customer value through innovation.
On December 24, 2020, Alibaba Group received a notice from the State Administration of Market Supervision and Administration of China on the investigation of a monopoly case. Zhang Yong said that the current case is still under investigation, and Ali is also actively cooperating with the investigation, setting up a special working group composed of heads of multiple relevant departments to carry out related business self-examinations. “We will continue to actively cooperate and communicate with regulatory authorities on compliance requirements. After the investigation is completed, we will further inform the market of the latest situation.”