Alibaba has completed a three-year regulatory rectification process overseen by China’s State Administration for Market Regulation. The tech conglomerate was fined over $2 billion in 2021 for monopolistic practices. Regulators confirmed that Alibaba has aligned with antitrust regulations, ending the “choose one of two” policy restricting merchants' options. This conclusion marks a significant step forward for Alibaba, signaling a potential shift in the regulatory environment for private tech firms in China. Alibaba's stock rose over 3 following the announcement.