An article in the Wall Street Journal has provided information about the whopping $2.8 billon dollar fine imposed on Alibaba by Chinese corporate regulators.
Here is an extract: "China’s antitrust regulator imposed a fine equivalent to $2.8 billion against Alibaba Group Holding Ltd. for abusing its dominant position over rivals and merchants on its e-commerce platforms, a record penalty in the country that comes amid a wave of scrutiny on the business empire of company founder Jack Ma.
China’s State Administration for Market Regulation said Saturday in Beijing that Alibaba punished certain merchants who sold goods both on Alibaba and on rival platforms, a practice that it dubbed “er xuan yi”—literally, “choose one out of two.”
This news explains something that has been puzzling me for some time. Over the past 6 months I have found it more and more difficult to track down information on suppliers. The most basic question I am often asked is: "Is this company a manufacturer?"
What I have been finding is that almost every Alibaba listed company whose details I am searching no longer advertise anywhere but on Alibaba. This is a result of Alibaba's policy of downgrading their listings and by other means punishing companies that dare try to sell outside Alibaba. This even extends to those who have their own websites. Those individual company wesbites have simply disappeared.
Somehow Alibaba has managed to ensure that even Chinese equivalents of companies like Bloomberg no longer publish any information about Chinese companies that sell on Alibaba! What power Jack Ma has!!!
Fortunately I still manage to sort many of the pretenders out from among the small number of genuine manufacturers, but please don't anybody tell Jack.
Walter
Here is an extract: "China’s antitrust regulator imposed a fine equivalent to $2.8 billion against Alibaba Group Holding Ltd. for abusing its dominant position over rivals and merchants on its e-commerce platforms, a record penalty in the country that comes amid a wave of scrutiny on the business empire of company founder Jack Ma.
China’s State Administration for Market Regulation said Saturday in Beijing that Alibaba punished certain merchants who sold goods both on Alibaba and on rival platforms, a practice that it dubbed “er xuan yi”—literally, “choose one out of two.”
This news explains something that has been puzzling me for some time. Over the past 6 months I have found it more and more difficult to track down information on suppliers. The most basic question I am often asked is: "Is this company a manufacturer?"
What I have been finding is that almost every Alibaba listed company whose details I am searching no longer advertise anywhere but on Alibaba. This is a result of Alibaba's policy of downgrading their listings and by other means punishing companies that dare try to sell outside Alibaba. This even extends to those who have their own websites. Those individual company wesbites have simply disappeared.
Somehow Alibaba has managed to ensure that even Chinese equivalents of companies like Bloomberg no longer publish any information about Chinese companies that sell on Alibaba! What power Jack Ma has!!!
Fortunately I still manage to sort many of the pretenders out from among the small number of genuine manufacturers, but please don't anybody tell Jack.
Walter
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Last edited:
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
