Toy market news

Alibaba reacts to antitrust probe findings

After an antitrust probe found the company to have abused its market position, Alibaba says it will invest to retain merchants and customers.

Alibaba Group Holding was given a record fine from China’s antitrust regulator, but claims that the decision has no material negative impact on the company’s business. The group also said it has cleared up any regulatory uncertainties for its future development.

toyworldmag.co.uk