Chinese tech giants Alibaba and Ant Group have recently come under the Chinese regime’s scrutiny, with finance regulators ordering an antitrust probe into the former and requesting the latter to comply with regulations. The Chinese regime also issued new “antitrust reports” on Christmas, detailing the number of investigations authorities have launched thus far, including on foreign joint ventures and Chinese private companies, and the penalty fees imposed on them. Analysts believe Beijing is targeting major corporations because it needs to seize capital as China’s economy continues its downward trend and government coffers are drying up. Antitrust Crackdown The State Administration for Market Regulation issued an annual report on “China’s anti-monopoly law enforcement,” showing that in 2019, authorities initiated investigations into 103 monopoly cases and closed 46 cases. Companies were fined a total of 320 million yuan (about $49 million). The report also mentioned that investigations into many well-known multinational companies …