Involution and Stagnation: Five Years of China's E-commerce …

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TMTPOST -- Since 2020, a series of shocks caused by anti-monopoly regulations in China's e-commerce sector have finally come to an end.On October 27, 2024, Alibaba Group announced that it would pay $434 million to settle a class-action lawsuit in the Southern District Court of New York. Alibaba denied any wrongdoing but decided to pay the equivalent of 3.087 billion yuan to settle the multi-year legal battle.Pri