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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9pyrWmbnk3uuRXsz4bs2C5dKffE6jCEpXXwBts8hKgtJVKUxseqX+AaYx3mdz2SmnIld98m51GkFXGN\/4VlvWgr480zTFpRdTenCweTmAfZLlnAeh6pLak7XmNW04OZGaQqGsWXWU\/ZTi6LF2T+KXf5EnetwA8nd7ZZ7apX+36i8pUW939FipqHXcoWPaBNoEna\/D\/7AuQIlKPefahiAV2nlG8QoPthBaWo11UvZVK2a4zpTAqnix+BHbrrM5\/dILVmuY\/NGHLX+gm3eKH6WLBe4smfTBCNJR8kzAYH8bacfmx8cyJLQvs7THbQ5+y7Xtthc\/yq\/Hy2lk\/wZ4ZDXwfDYQ7fvgfXViANhJgWJAx2kwkW5dWm\/I8iQwQviKbJHlT1PhalcB11h0RI4tSSdoT461nN5i27jvUPPYjSQMkkbf6Cbf27rtX4yL\/myLikDnIWp9++qJpEzaGZ++CEvqFOfof4jTa3rA+NDhELNA9octcz7wO4vBxnFYoVOr4pVzlinX4xig4MucNE5YDHJHLNQwPM839FuZX9ipmzy6Dkei73GBakqa7TFX3KMV8isbi7Dao+HEw96tnw+bbf3SKYaRMHqLt2K25jFjMIHACbArQl1rEeoZAtzI10E\/fjIzRq2y\/X9k5QFf6ByX9cNKAG1mvuRBONXWE\/JfYJaZ6g9TQ59zCEqbb4slPHfwMSbq8qLwmShAS6qUFrfLB1qz6ev8aSDRPSxU6nPcFzKGo3GmSs6bvqSS\/Y6uqKIAYqGcBzh08OwTeWKtH4LqQxj2hpxWrjszMDTho\/O4sgS\/aFWE7yMEe545nzOjuQQw1ueTZiZ1IuHB4D3cj+H1oEL662TVi3bGwazzmz\/7N0HZmHB78BJVXvPGZBQd3\/1YFkucEXMrPHwVDWFgwWvTLyYClhTa2\/ARrKz\/sy0JnOpxAJinMy9ADoN5PdysIEI9AcHee2Z6EWDsNptgaBKPmvQvioudnfBfO2PdOH74KgkRca+9U0rPo8Ju9imwGoxp1170WOyxVu\/xubhpUlrolm\/N7zoMGGg8LtBdSnL028eyCiypQR\/12GXEUCXBntRME2PBrj3Y\/mZstohaDRdydHQpDFLCDTabg0jAwYwdLuh\/t1\/cO9CEUqjvfe\/0037aOsdxZGe++CVEyYFkJrVu8RdThZlFXz9KxWGf+HxyGZRIksg9dwHWAJKGCHBFVaA\/\/qHUTMErmLBKkUJ4FHkMTUclv0wUkcEN7ZIoSUzoXzMMxJhlfBCLeJm6Oq2Ssdg1QYSEPVPKsUlOt74HMhk64DNyLAb4DNhGHfuoTIkgg4AVMkPU1kI1orBB1ylg\/n\/Wjw5l9PmlP\/3IkAWMZ6Zw+NPBZ0bOmcylJa6w\/BJMz31v7IM\/W+x1yg1DUrhDplKB24xDG8y7h8Rtyg46p+472lTN+QsE1qirsKkuTMIwNh05zpI5rFYPt6cxjsIDbfDucIvfv\/ngVp7X15ELQN0KuMERwuJsGmG+gYbKIRofn2i84Ve8aKPSiJqTSg3562vcIg2W0XsBzaUa0YaNyAcdLnZUq0qJGSlsm7McThejRSB6PMzJhxJz\/WbQUKhxRbDEqB7+Lcb7Tre9eYYHbKbBYyKZY25kUEhH1b2RLRWiYaSEpVYD2gmfmSbHh7idNrNE7xS2agku\/DpYu8Z+7WfAcNL0rF6zpeKxnzuIHWFgOsgckfbLlYQRG7suN6IqA14OuOCW8hAl855Evqrw809H1mASCBa2J+Hxf3A1MQwsCKI+5jO2Jz9M1wjQpEQK6REpCuHM0fzsx27vRFBn0RcEx+7F364LVV4inuYoE4Z7STAs3zCr21IXMBqSQ7AE2IA6cKol0fFkY5Cv2A5apWVczlnvBGEI4jy7789GGv9grRqwOk0aSyPqAptGS0r3k46MKjd2zgg7Xuoel81v9\/IjdYDSKhA+30YGyT84ep90Z\/In+YJlgMhU1iyqBEFqfrl95r3ZyErrguu5jlk8+qxXkVmJln31fG5EEpuB9Voz4RLnR+UcZoF6C+GKzDcIOot5LV1F5xGRlPtscV2wg+EwT1IY07\/gghsnzUBAGA1CmqRcRWYdiryspfW7Ib0jfnKeaJaMus\/81F2u\/SquDqpO8EM7YB\/QwIca8ExvA\/AwiRUB9zY0LI44S797STIUYOh\/SJMuuUasYU\/HI6Dw5oclwl0UyigV5thZQeZMG9uVNDjrgUE5t9\/AISlbaGTGP2pC8cQGIwq\/S847Mv37E3YFAWodF\/wdkiTvvFSwvRwzYObzmTaFbaJNvQ7E7N1ULti6HjGx1cx02etzmwtNi8xzxyRnj1HnlUvh\/2\/i3F5tmZrohtMMAzTbgbquXBt4ut10RZICluTVa2wotL7SMRwm1Q5bFTwGg7Gi\/2w2shrr9SqkyGi9kfMpbzdMZAkgkROq3BjIdw18Q6mHvIosOP6mx9nv\/uUx1y2cz7SHIvlAD\/HUSjid4sm0bP65rvBDa04AsMtdynCDZjK8b4a8ez3GusuqDVJg\/Hb7+OErbejB2xrq\/cZmrwfY6VndIA228sHCst+SNRI4GvjNYdRo9em7y9Rxyyga0YqqzUwq7tcSb\/XKm4YQ53QnoVDN3NYUSIW2yq4NtL7NhrymDwgSq\/1TsuELDJ+gzGC4jatTKHCgl8mgk7cLH0B4ji8Xfa1y0gu21bTIDbu+YW3V5tRDiZ9OXTnk5px11i1+0ZssApoexDJLZBscquGHK6KRHfrFH1GXyIMTFhVCZm4R7aIAq0f\/\/cJQPyQPS3+WZmj33YyODSf4YseCztQ1MMKOhzhP3+232IfBCob46Z9ZSqJqM7TTgiL\/5rHyYJcQiC1i9KB4++pXbnVlyK91dwqgDOmhrDYqBsMjp05CgYh0NMamDOLOR60G1wuU6zTfVfY7kxWg3UqRiPVgxSkkHXxtcT8lxBKMsYpT4tXki4XRmgdny6QgURBjw8MwrR\/I2R0OsQhCjPR1Vtva+vVU8u9yCic+ixDCsQWuanxTI44oe0EXTJTbWSTJaOTA0mz8HsRcoZHp7xs6BqLkXVoGSWSSGOYhXKgkLoMiWnLp1kz8yp\/ghc9TKm9TJG9EdO6bZOMLgN68q9m0ub7KfvJgMl69xXzdQ5k9BLkhe7Xh5fZsKyMvg8BVTkiJKlgOIv9\/k0WrJuLaXRQA6zpLCWkRuq1XE\/\/JMJAYa\/eWnU\/z9U6u9dDeVXEO6ou0kYx8G70noDSiuWnj5Uuq\/kDQhrbYCXD2ci4NE4nQeiUEOUzk7RZqBJC7+7RWVY\/GqM2dVqPIowy2hwMi36HwuZyKKbmb+tQcB1\/jQPuWMI4kog3a+pgHAcCsTTFOV27d9q23F8euJRRpk1SertIUd7wdFm5r8JkjEzJ8\/oN2cwASCysRzd15tlDYXmqLgfvH87q+PMj6nuzmkT1EU1RBoGMzT\/6i3+dZ2zXtY8E5u7bFH0\/Xdxk7DSdtD8DChhacrrZsj6X5vhrVe\/hSJZafgM1CbAGyIFXmhK0GyYCrRCA8IvfRoPqWMs9uAX\/lpTkKdsaNogKlMmY+V2zddZUc\/TsiQefm\/yPV3k2wsTEV869ww02Slpjc2RmwWmaMzxPl5jKKUFyugL54pa5uzz8d1B2ndcIrbpo8YDF98J+Jk6\/YqjQA9iQYUmLfn9UUiZ4cSq4UXix1POsXI0y9vsseoVQg6GpywGu7ePUS6wE034F0mC3xJl28aSgi3b4KbfZYCS2TYK93xaAchTftj28368rCdWrtZOFMx7DSNU5Rw7avAxoKll74fE4NHQjR7GYK8EhgbU5ZUAF1+ZV0WCdfde4MlJNQfkSabL3O1HoNmHUgA68h0ks7cAX\/CVtgIk3ApP5XbnUvGt7T\/j8EtHxQA5Ubog+7RuHWnTgDEY\/We6k252JrevTmuw7C4n3xASynbfadzGthf9C+SGhmeyVDvPPGgsYPQD3q3uOxTv3g2p8CluctsoRw9TFX3s\/lttTEL0lKf9NjJ9tWnz3TrUob6xU\/t9fX1Z8KtXR5ih1cxTF8wfcy6p\/nQxvBKYXwqoCq3TNlI6vLqqeRpGznXg3hGHLeg35\/jfWeDwI777yg1jK3\/2rBarSbNmJdLWK0skJSjsUtfX71dm3G1riPRdtz+9Exggx7jnpeeVucvG2ARE3opDpwIW0WxfCccVNYwuVOM\/UiMMXPeJr3BN8JTfkPRvzARztBaWPgIR2vw0BMoB9UwUsfGf4zKEL+Wx0uBRxAYtOBXU7ylU67aWttiQB10Ragc2tbGNOefA4RaL5OhAT7\/l5RxOpFYRWuXXZyri8nbb0ysJqSjAyZt\/BCMDaXmsQFr\/krQemKrsQGKkiaGhxmXAHyRi3SvDk+VrRGCvzTjcDl424ulsQuQSWyXeBLj7f4uwAzo7Y\/VT+oqpF8Jbtm0Uv7rmLne5H5TH5nneOjB8TRznD8fUA3sa40w9vODuJH9vTcr0ICnnnFcQuMsWOsscgfT8N7FQMTDz7midiNsttzo5hkctj7q8\/pUTlV9DuMcOWXqXM3ngzdXCB5UuKpLyJpWJhBiaZ4fbDJMNC+3\/RlKJ7Ty+FHfngNRqmwSZgZ4381HOWA7IkbBAF8oZ9tt+0\/zziuoO+VXaHM1Lmw+qowGMEts\/c7hugVDW3po1tqGdfGpBEjqQW3LAyOnLF\/CbcTNVOhy622BZmyIuFxDjBPUfYTT93JrXmArZ24e4C\/mHGXZ9pjU5qKHUZDKLe6C2evSjN7LdUodadyQESBamoe3Vdto0GRCEUAOMwrtf97AWrlZs9ycqyefSGEqz83od\/2ScgIpCKP+0B6MQwa18yrDActiNyAJUnsQtuYkuCP5eaA1Gqr\/vQXzMTs439PJuLy0NQubfX0dhUgwVd\/i5Y59KBFXbRZExjy1D41hOkUtfQsJBfHhBUd1AxwG\/EqwZchpkebz6X4QPNbX\/7FMBwQh9zqOsIVvylZbCTmO0sQLCZg0BBkwNDDeIW6h8FcS9eFln+JdUw2Ur6ZHa0aTQcazt0YSL7ncHoNuDefHPQwYI5ck+bup9IRGECImRFPKcl0ohMCmg0+SuxWL1LoYoLp23TEVqZKOpybPz45B3yIZEypgyOeabViPGLUW9nnYeKcGSoNlDrK2+6fw7310T\/GKXRhB6e8w2gXDAnQf+U4Ise7XYN36Eqnil\/GnVR1EFrjVwS7dpvSPaBUVqaUuTS16b0r3i86N2pRcysJ7pYc3QAYQF7UeVWe\/wUk6WJib1JN+FF90BYb4osuQd61J8bcfGwXGBMXCqhbCX+N5sHcETFEmz47P8nVUQHWPVBozdGOnRk0\/dop+wKu+ojgui5RsyVxWq4ZWHKYP53GCGRgVZdWyVZF+PWUKsqt9G3b1cLnXKVezDHZJ53u8RMsfVWJMfqQjMa0jOLzGyMxm05ip\/misoiiNqsWRtmZIEXk0UL12K8JgGeqIRQpgk3+dsQp6tyBu7fEobLM6v4hc5ghENswUI14UYMo6\/5NjQZGg5o7MhhqklX\/lR37xm3dAtnQyT7pDrwhpKgrRhgAFH4IzuCP7qdHDQ4Ei+3T8TGIAq+syK12eMIPHSWYgT\/Vcde2I4eJUGarqDTHBFy32cmMlrVzy\/m5WyFbi\/fJJERG7ln\/uFop6\/2bGHthJYLjgYNbHTjA6wvkmocdZsdiYObiUtpK9O\/c+sFu8bXuCHz0BvVX8I1HiSQmXllYllSwOVV3cCdLc0Vm4G5jr6HbX1+BZC3VcwxMYSyVlwt0iA2RWwPiARP1zWyRStcOwe\/HTpLurKU5+qWl4U5LcwbyUWIiUh9sxiEfxYKgmHwwgHwGxlZSQIVOraBBLh3GuRXFx9SgfL7\/RMF6aR2rCkeA27+MgO17ZRtJHHKzcurzO6rfcH2D1AUlU85+zgvU\/LH39040uzZZlsVT4m20rTHocxehk4c2FZ8JCh\/5QOgY6Nw6Dkq8zsEEC9EDlPQjgisj9pGrVGJ2gy\/n2KwI8\/30kkz6+DgsQVLJMg4oE2xj6R1DtRZw7eWyueNCVOhelV9r4shbqQlDCwKZm+pRj6VvbJl1zpvVCU6F+erEaBAHikBnGcXNLRliDWcS\/xJDcGvkdg==","iv":"1a3e695ff02c24438b31f533a018879f","s":"be8b42095c5c84e3"}
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