According to the State Administration for Market Regulation of China, Alibaba has completed three years of rectification.

The shares gained 4.3% in premarket trading Friday.

From the perspective of verification and evaluation, Alibaba has completely stopped the "two choice one" monopoly behavior, strictly regulated its own business behavior, conscientiously implemented the platform's main responsibility, improved the enterprise compliance management system, and enhanced the service level of merchants and consumers on the platform. The compliance rectification work has achieved good results.

Next, the State Administration for Market Regulation will guide Alibaba to continue regulating its operations, further improving compliance, quality, and efficiency, accelerating innovation driven development, continuously improving service levels, and providing solid guarantees for building a world-class enterprise and enhancing international competitiveness.