(AOF) – Alibaba is expected to fall at the opening of Wall Street. SoftBank cut its stake in the Chinese e-commerce giant from 23.7% to 14.6%. This sale contributes to the recording by the Japanese bank of a capital gain of 4,600 billion yen (34.27 billion euros).
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The serious European adjustment of the Internet giants
An agreement was reached on March 24 on the supervision of Internet giants, with new legislation on digital markets, the Digital Markets Act (DMA). This text aims to regulate the anti-competitive practices of the main players. With the DMA, the European Commission sets a framework to be respected, the sector now being subject to regulations similar to those of the energy, banking or telecommunications sectors. The scale of fines has also been adapted to the economic power of those involved: in the event of an infringement, they may represent 6% to 20% of global turnover. In the event of a repeat offence, business transfers may be imposed. On the other hand, in the United States, the regulatory process has still not succeeded despite the authorities’ determination.