🚀【Alibaba completed three years of rectification and ushered in a new starting point! 】🚀

On August 30, the State Administration for Market Regulation announced that Alibaba Group had completed a three-year rectification task. Alibaba strictly regulates business practices, improves the service level of merchants and consumers on the platform, and achieves remarkable results in rectification. 👏

Looking back on 2021, Alibaba was fined 18.228 billion yuan for its "choose one" monopoly behavior, setting the largest fine in China's antitrust history. In the face of punishment, Alibaba quickly took measures to stop monopolistic behavior and promote interconnection. Nowadays, platforms such as Ele.me and Youku have integrated WeChat payment, and Taobao Special Edition App has also added support for WeChat payment. 📱

In March this year, Alibaba launched the "1+6+N" organizational reform, aiming to stimulate innovation and competitiveness. Although Alibaba's market value has fallen sharply, after the rectification is completed, Alibaba said it will continue to innovate and operate in compliance with regulations to create more value for society. 💡

Alibaba has completed dual primary listings on the Hong Kong and New York Stock Exchanges to diversify risks and enhance global market visibility. In the future, market supervision will pay more attention to involution and vicious competition. The end of Alibaba's rectification may be a turning point to regain confidence. 📈

What do you think of Alibaba’s future development? Welcome to share your views in the comment area! 👇