That's a very unkind remark from you, which shows your bias towards China; either that or you are blind!  Just look at the hefty fine on Alibaba; how can you reasonably say that 'the law is administered by people who are not so perfect'?

The law in China is perfect; unfortunately the law is administered by people who are not so perfect. The end results are too obvious for people not to see.

"And how many other mega rich monopolies could there be that remain away from the media spotlight and lawful scrutiny?"

Leave it to the Regulatory Authority to do its job;  it will soon catch up with the rest; it does not depend on the media to tell it what to do.  From the size of the fine imposed on Alibaba, you must surely agree that the Regulatory Authority knows what it is doing, which even the media is surprised at the huge penalty!  It has sent the right signal to businesses to abide y the law or face severe consequences!

Perhaps the media were gaining as much financial reward during this process of Alibaba's upposed ill-gotten gains. And how many other mega rich monopolies could there be that remain away from the media spotlight and lawful scrutiny?

"It's fine to be rich"  

Even better to be very rich!  While the fine of 18.23 billion yuan looks huge, it   represents only 4 percent of the company's total domestic sales in 2019, which was 455.712 billion yuan. 

So Alibaba got away with the other 96% of its ill-gotten gain;  who says crime does not pay?

Yes, a lot of face gained by trumpeting its wealth because the Chinese worship those who are rich;  even the media were frequently involved in eulogising Alibaba's billionaire boss and bosses of other rich corporations like Tencent etc.  The media then did not expose Alibaba's monopolistic practices;  now that malpractices have been exposed, they have  stopped their eulogising!

Yes, well said,  but not when your wealth is acquired at the expense of others, depriving others of a chance to compete, and depriving consumers their right to choose because there is no competition!!  That is Alibaba's failing, nothing to crow about; they deserve every yuan of the hefty fine imposed on them!

"It's fine to be rich" - and think how great it is to gain face by doing so rather than keeping an "inconspicuous profile".

"Others should also learn the big lesson of keeping an inconspicuous profile, well at least until one is unassailable no matter what outside forces may try to do."

Yes, just like what the late paramount leader Mr Deng Xiaoping said decades ago!  Unfortunately that is easy to say but hard to practice, especially for Jack Ma, who has allowed his success to go to his head!

Platforms should remain open and not force exclusivity otherwise price-hiking and competitor-blocking monopolies will sprout in e-commerce which is supposed to grow with more choices for consumers.

That said, regulators must research more in order to proact regulations rather than wait for a problem to bubble and then try to nip it afterwards which causes valuation disruption and market tremors that in turn will discourage long-term investors.  This is a problem also being recognized in the west. 

Deepen the capabilities and foresights of market regulation units throughout the country. In the coming years, this will be a wise and important preparation for the competition in the international markets where it may be expected countries like the US will try to upend China by any means to prevent her from reclaiming her previous historic achievements in world civilization.

Meanwhile, be mindful of success; it always precedes failure from lack of wider foresight about what can turn wrong in the blink of an eye. Ma's eyes saw only success without realizing it was coming at the expense of the future of the country's tech waves. So he used his mouth by mistake. Others should also learn the big lesson of keeping an inconspicuous profile, well at least until one is unassailable no matter what outside forces may try to do.

Success is its own failure, said....

ren/

so bend the entropy of fate.