fair competition and protecting businesses on its platform and consumers rights the regulator said it will need to submit reports on selfregulation to the authority for three consecutive yearsthe company will have to make adjustments but can now start over zhang wrote in a memo to alibabas employees saturdaywe believe market concerns over the antimonopoly investigation on baba are addressed by samrs recent decision and penalties jefferies analysts wrote in a research note entitled a new starting pointindeed the peoples daily said in its commentary saturday that the punishment was intended merely to prevent the disorderly expansion of capitalit doesnt mean denying the significant role of platform economy in overall economic and social development and doesnt signal a shift of attitude in terms of the countrys support to the platform economy the newspaper said regulations are for better development and reining in is also a kind of love bloomberg published on apr 12 2021 at 1121 am ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etretail app get realtime updates save your favourite articles scan to download app alibaba group apple inc alibaba china fine facebook inc big tech homenewsindustryalibaba thanks chinese regulators for imposing record 28 billion fine