Alibaba Group Holding Ltd. is under scrutiny in Hong Kong and may face a substantial antitrust fine. The Hong Kong Competition Commission is investigating whether the company’s past acquisitions have violated competition laws.

The investigation focuses on potential anti-competitive practices stemming from Alibaba’s previous deals. Regulators are examining whether these acquisitions have created or strengthened a dominant market position, thereby harming competition.

This regulatory challenge adds to the existing pressures on Alibaba, which has already faced increased scrutiny from regulators in mainland China. The potential fine could further impact the company’s financial performance and market valuation.

The Hong Kong Competition Commission has the authority to impose significant financial penalties on companies found to be in violation of competition laws. The exact amount of the potential fine remains uncertain, but it could be substantial, depending on the severity and scope of the alleged violations.

Alibaba has not yet issued an official statement regarding the investigation. The company is expected to cooperate with the Hong Kong Competition Commission and provide the necessary information to address the concerns raised.