Legal
December 30, 2020
Chinese regulators have launched an investigation into “alleged monopolistic practices” by Alibaba, and it will likely have repercussions in the luxury industry. Image credit: Courtesy of Prada. Composite: Haitong Zheng
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IM\/6xkiCHYSEcWSFtGqC2Y+ZAY\/pF8OW4YiLh7dVQWCtq3KJN90xcuFe+JvqeNCjwU6zrQqXsSbU2zBkGCtvteql\/r4Kv11VLCLm8Sz7vSqzNkrbQW8o0XzW5JUT\/WnlObMR0thLsTGG1oqZV6TzEhVS27lb0MMnOzoCNXB37fasLmjldL9hgmrVbs6l49CXI3lOWVpCO7KL7tVeAc8Qi2Uq59\/Psxm5WM203cdU3Se0OvPXy0RlStEhaQBNfGj\/JW\/oALpIvkkKZ9hUdFkkyf\/l5l\/OVojSrpbdDlnrfjP2TsCfclWsZwia8cXoHcOyet48fOB6t4bUw2KbO8m1Q3Lp2CDGlpyKnw2CKF6ZP8ZzKvBkbx2qThPD5jz5dveKIl25MjL9gH68WveMbQrzY3u6Dm7xIXHw+0VWRCCXJQ+P20LQ2L2Ium0dmB8ztu9c3K7v2UAsEKwbU2uuwUHoZerkjIAmxncGRm33U+Gg4jndcx2pX4pc4AOacL\/P3NzZzUr3mPeV5jNgEFq4a35KzZY6iqQgYA7YJj9sD8LkPx9y69e2erJtyh4WmPOTWwzq8v16bum9c3CKYQbiq5zpN4PA5\/wvT+e\/rlPzOD4xOZevPL2+3z38ZORjYNE3D6uAQAu28QhXb+hfHhcniCCwFtXEpy6sDSumBuHDT7gOBhQLvMZPL2jBYx7Ky8\/ujoxty2CP0ASQGD\/LjvlihBx9yCBAo1hNGf50Cy+cvMxfof6cmJuRdCi+1IT0gZFqK58IPVAWAfb\/f0V0gX7\/3+t22cTakEAqRtOkb7zTuBgS9Vwe32gespbDL0KWL8Gj7ZXWuy\/B4XHc0YeDwg1aYmQE0pp28Vw3VsFKZRzzMJvkyVK+75Z9cE1W+rc9elNymsNA\/DLoc\/2yIrOumVQz9D+zNYRVqEgWDy40Y3SD\/aIY+tisyf4k9QH5se1hI6ZfYlLYEsG4RNMimEYk8pb6hkmb222e20RX66zFOSrev9ytNPcjtMxeu5ab2k4fYRahQrhpSJSxXstQ99i4dvkAGBc2\/arGouGJHy9IboBoV2k2VSqONUJzDTzWt4ROxesO\/QuJqZ6fZwcWyIKZ0jPI+GK8ny6niVX9kHzqoN\/lND7uSkgF4PdKmtAzj4zHz0SYeC7Nwx7eP9VjjZX3kpVyl+amo0eO2iMu5oIHsqVIOe60ZUwUjwJw0FUTuvkFoSixjojnuM4\/Ug\/6EW9yo\/zmmmWtsg0YrVH8MRIRG\/Pj42XGS53ZX5C3WxN8avkT\/J0iSADOJe0uQVhb9Tenlogg6tC2e8zWpF9CajXUdYzYCPRf97vNzO8npPFBgzQTDF0\/OeT24Kve2Xmzns722COhFpUToBpMa8DHKeNuAwKa98xosCKdjGTNirnlklGBPLmn3ol24WT8Ya1UIGVeL+pmJMgDlWRlD0PzxsPbH1+zlytYVDWz8L4QCEbGA0lxIw3S7lnmZRQ6vkWEHsnC6tjJMi87Ls6J4t12cxnE4g5jXQX1xglhdsipu0x4XndM3xsSnS3Pw\/Rpq+qzTDoASFcOPm\/lc1pzkKbB7D+\/ksCU051OfR2\/c1gL7BBnvtaldbOMLwFke2MnZVhs8qfbtH3VgvRDpWwRXaJHUPFZYzvCy79IURQnml\/wL0TNwCZM3S\/9+WaCyUnPuyn0+NNRn7CdGVGRBso9sVWs31Cf9n4qu1vSkaMdn2E4zu+YxPJuloWwZU4fLhBoBc8l1fP\/ohzZaujEVVrpX11Pd+q\/anQ\/xUHMGyS1NH6VEK6aHeqNQ7ZbDrjpU2BTrfMcPSFGGKkxHdzPE\/KGk6uUUtsH\/8OeEF+hXEUC8LsNT3RmEc7hH+RHWEZmxNkqefCR31\/4Bnjbz7yiyU3spHv+QfFkAbnIBHS4nfub2d3vzZuYAD6tiGO+1Ud2xVTm\/hpe7E1zcoTcOqKPUcTOL787OlveyfKcNQLM6nYOnj32rva4cDpdHfeCmYpCVsbOL+KgDcY19Qfm8A8PxGkG+dsNCBUMPx2qVlCtpEQDU4mhBgdt4lYdK0khnMiRDFiJRpyQNfq7vyxgUSvnUZwCh5cog4GiFzoJPn47estSuxouiTfeJPi5j\/KseUOsCwWaZlCA8dDb7MvtssgjefHqmE6dBVoCcvbSNNON3xCzqtcxZ1RSj\/dMeyMA5arRYPmiTC9dAYWXoU\/p21\/ZJFm6l3uG4khRSPaXSCPoiFbvTG94HMD+OJ2Wxw55E2DyreUuyAjaTM\/5C58WHnEtCTa9CDV39dunXaj\/ddJblJKc8RVEWjF2NmzGvDvt918sZhPuH9kvRmVBvuVm4bIvN6vJ1SQ7CjymGTZCZR39pqoqjg2otPOMk6ETHT6+2J6F1VdHR\/X+jKeMATmxTi86\/8xYUsWpotKmU\/iGxid7izzCn+2YildUyJhhltA5cwdWRBzLygEuCRCTRImW7nLwakjT40CT9DjOfCzcDdd0DqV5bOnl4FMj+6bXgH0y2GK4dP7PKuIg9ilNDvKqwKQIkDAsppcwAIBVT4p7s6Fcpa7QhDROHojazjzVOpfxkamqznLSkX2k9IbVKLqVKJvQ4nqesO+oS+hjxpIrv1+dR8EKtI8IpVF69rFtfKd9xWcCPLLJAuMTl1b4c2kIa8S+\/chsvEKhHBhfeXciuA7Dexwcbvhu0a9nuzB0kIpu\/l0MH2WhrQKaWFeIOEP2Y15VCNF76BZEYRat7NIItvigo5Xq80xjauZ6mtKQ33lJjiQShRLU7z8yYDOp9xDiYwvDAxNJ4cn2f6wtFYWE5MnsvVxovAc6gVnkiuf9uy60ZsvIvWmHnahw\/7uTGrl6XWIAAgro4Gjy2nMh3rcJ9d8HwCdSxTqvFcJ8f14\/yBr01JTtA2r08o9TMQprpv8pq7IwOsx\/CNoCjabwwI2ZicQRBEPbnR\/Zhm8ehg8qc5eFh0av9R2rc5lZt2faceGboLpz7uDmWMKKXip6ixtcdK7RfXR40k1UOwgMWBR844oTxruxkf01sNgG42uKZzbY+iQ4S\/l3jr6rY\/Mjck2Gc2l2xPAfbj2sXST1J4uJN61ZzBdLH41fIzCSHZSug\/sMcjc2\/IlaJ3F2JLnY7\/0LRmRHxmpQYDG9EIUQHVcyebLTdR4rZh8\/SxUq1gZk0YUetaZ4ZtSYjmPrIAJW6Flc\/1WCuf06ZP3cyRR8JGTLWNmHWHwb8lZByKXRm1jhgaw4tyYV2h7uLcrE+3QLpLSprdKn+tvnWf3V2vATiYbav1M+\/pdHt2A+zoGWT0mW6jcsCdgZX+xxU+ysa4Np0JdVcOb3cmstH\/Y2lYaqHwVOn4ltp6rSrM7WzHoj2jDiu8Z6Q6GFSxcD+lw\/pmQzQQzTu+PPrxVaAbmeovBYu2oZAphlYcEWjNkF4e6ZT\/I+a1Tf\/OAszaWI0qoo66Kn\/d01\/8mdi5MaPVI8DUYYkh+rPzjdBrcKhL2XuhlTbTioosIEjPkQBL8XA5fzeGNCbop1YiN+Uy5WgwbMQYoxUmdH6juOcLX6bJQJEmd3zPAoYG5cSBmyPaUwtllGK0UC+hvXtbkS47ElEsArSJY8HvZEryxKAcDa0RlGXhS8LGlik2m8c5pYWOAxNTuIAvgGQGI\/78rTq5kCJQJPO8CyicfNqmRdIIHXRoH6rVGykg1tAfhgBLAurxxt4cLnwNliibiWIBQeD01lkdp7geJj3j4xXQ6ML9IVpHm\/PdR5XU5aKDs9e85mGcrhq\/lPed4U3iySrZ8cF8cwYPRcDKHCMQ1HIj3EYwUdRfYxk7BJTP9cSiwB\/iZAnl5pXosEuAxQFumdt0Jld4A+yRnc9donC18+Yi4AExtA2nv1TYLaK6oTCqUGIaPMnG\/H\/OaitZk82kzvgh+3augP6hCcscBwGKF30Ns+kuqppssgrzdD8kwpL6TE9DM0kfDLlRDk9HiftZKhoA\/5PYE\/aTZdT2ducUkFTU3zpte7zxmKlYjdTF5RAEPXb7O0AHb2DI\/2vq8eUqTs3WgSiJd3rHb\/55EQiq9\/HSmA97n9ovancjIb+H8CybJQx\/PHmLT4KCj666ORslCIpEpPuB4gYMzrDHWadUSf7KK6mcjD6uClST9SoKVQdPtrR0tPApxFStO7RdStBvEu1XGMxKJuWBoDCsPzRNozDkwCA+FKpUlLaLsVXWWcQqtE\/kbcwmC85jcPvjofAupHF4UOGgaOirJM2eIRLiirzpx2aZ8YsHYQs3qfltPjtT+G5ZXO8WnBlxoUkwpUHZ32kKt4+ySx9VagBcrB7afrgpLgCX9srIda0KGYDO7azCO6AdDks0PG8BDWNnO7RxJNfbWb+DcvsWwqTXrSjsrwybwwheZsQywrjoHz0ETOG+8sdzDQDqcnDRQOzgDOTwDPgOqaNSq0ZB43LtldlVOsPT18aa\/y0O\/bmAKCBxl+mk0oXfvxPZlgczSyK9BQZR4jBWdR7AyQRoWFQWfwd4p5leeHGLhXPL0V2HiTCxPVd\/UaaQfZ5mGxYC56L9CP28zCftrnF1maTeaHCEM0rjOfpZ3oxKlhT4oHXEofJGLkfzf4z6ZdjO3EGteAmnH8F+J2MRNHwPPb6Jgg4UWPwbexRcMKvZpO6XRFO89yQ1mWv8j+xP5x99s0m4v2JJL\/TYpBREx1GRTORzqbcUPJxIF0k\/FN+I+ea5SA4pSo1\/wNjacbEPW7OwT8OXOV7n8ROBAwG9iblZzR6MJIvUUmz5oSqxczTfa+QqOITN2JP+1zzteYHJE3+ePrHHgdI+\/R5yqZAuvmc4ZxBaVQ8BFBxTerg7Po+ZiegqBrfLidZiA\/fTScVG1EgG5wBUqLsycIa5q9Kvf94tQsolN\/kkZ52mHkGc7ofdtPIlD2N6pAEyGmyqJ0wTv3Opu7Iw2ZakBD+DW0ynzlvck3OrZs2GUksfF51jBIpK07FuHUtBplgxkv018rZ\/GCTJjSfMDw13Lb0kS+bszWq\/6aqahm+S\/xOWe1yLIZhNVnCr+jfjkHqL2YxJzTJ2vRQDpuUeqwoe+5i\/gC53ZqI8xOcWtauNv14bD1Xacrn6fvyKFPozAbXEewtbV94e42+OKrtfJ\/yg9n24yTieu5OGQIlNi2ZdwGXeG7f0p5+NiaZO7wv0SVsukFIsOYnAcSlZDJjQXbtXLEwDwbGG2F3QfUL5XAGfkxsSOsc0Vsh0AA9v6BkFUZyml5O6rC8XPToiVQSanPl7Hg5m8ajHMaH1hvNHjFLwLNQW1nIwbyss0HKf2+BFC75KisfETOSJuczeXRC5NfRfWy73JooLezlvhqbwD\/xdL\/fcpSTq1jkPScvyL0viHsZwuQ\/cWcU2zeaf\/eax7pbUUshXg6jcyCR7XQm7lKO0\/4CPn3NPwYflPaoNO35tDvQvkeMQ3PMwDddGO\/ECwgj5JJzp74MAPhkAGxHIdeOHN0aSPkBm+gkPCG\/qlwlPD5S+keZfrJoNo8dnfjz+Ifvw7o6mFUGaXbt1BYeuVfP5d2eMMO0TFhL2o4ebqqQagzR03jQH63QFWnImTJYabZNN2eXACctKlYqF\/bsM8gPDzE0Rz5brPs++PQd2OgoAXmwxBy0b4z4p3kQce082+TipSomeGfC4nqfVOxaTUfDnvCH63+GAKDHGxqBka7kmmu2Jmfv+r3Vv4g3VVy9NdBBpqh1ZSmlZ2TfbjhGKYtLM7C5iA6FXKcJ81a50Dndw\/Zs0g4DE89ExiMQuyeH6\/53EzzK9THToDjSWFJ9LemV8hvlulsYMHPdQHY5ttWlMRsYaBBFasKcQ3q2Jh0MjGKDlvdYAq7vg+Drsujgx6CRGhqOSIGVibcGkI7wdiGRl7d9e6iRjgnsaqy8ttyLoCJhKKbiix3Mm+vApclYdOUX5hrgbncGOF+SnPodRTZfMJZWORZpc70\/mwphA4D9EaxWmKzwXI8AYHG9kpI9YZ+r61f+9wP5QBb9PmxmrxikNbs+Q+4PMyBOjHXmYj0yLQiyACml3YkrWe2qLAsAju8QYhwY+aR6Vptfs3B\/+X0YYg31taH1TkqpqpuhY3qXR9L\/fzZuz\/ETw+RQd46xa1Y+9Nf791u2nkdWawFtmPh0f5rVtJalBwBMNv8PnkEBS8yNaH75VjGvxA==","iv":"7a6f842636d3f62e99b0ccaa1f0fa684","s":"5ed4bc553d09b14e"}
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