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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","iv":"55456573ae76140eaabc533ea877ddf6","s":"2a72adbbc1e6f069"}
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