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In December 2020, the shares of Alibaba Team experienced a historic stock cost crash to the lowest near in about 6 months, pursuing the antitrust investigation into the business by Chinese regulators.[fifty] In December 2020, China's Condition Administration for Marketplace Regulation (SAMR) said that it opened an investigation into Alibaba about monopolistic tactics.[fifty one][fifty two] The place's central financial institution, and also three other regulators, verified within a independent statement which the affiliated Ant Team would even be summoned for discussions over "Opposition and customer legal rights", wherever regulators instructed the corporate to return its emphasis to electronic-payments.[fifty three] Persons's Each day, the official newspaper with the Central Committee in the Chinese Communist Social gathering, endorsed the investigation shortly after the announcement, professing the investigation to get "a crucial stage in strengthening antimonopoly oversight in the online world sphere".
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In December 2020, The New York Occasions noted that Alibaba experienced made and promoted facial recognition and surveillance application configured to detect Uyghur faces and those of other ethnic minorities in China.[151] Alibaba responded they "will not and won't permit our technology to be used to target or detect particular ethnic teams" Which it was "dismayed to know" that its Alibaba Cloud subsidiary had formulated this function,[152] defending the technological know-how was designed "in the screening surroundings" Which it "wasn't deployed by any consumer.
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