According to the Chinese business registry website Tianyancha, Alibaba Group Holding has established a new "digital technology" company under its primary e-commerce unit, Taobao and Tmall Group (TTG), with a registered capital base of US$1.4 million. The State Administration for Market Regulation, an antitrust watchdog, formally closed its three-year regulatory investigation of Hangzhou-based Alibaba a few days before the new business was founded.