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China hits Alibaba with record $2.78bn fine for market abuses
Chinese regulators hit e-commerce giant Alibaba with a record 18.2 billion yuan ($2.78 billion) fine on Saturday over practices deemed to be an...
Alibaba, the Jack Ma-founded Chinese e-commerce leader and one of the world’s most valuable companies, said it accepted the penalty and pledged to outline plans on Monday…
- SHANGHAI- Agence France-Presse
- Hurriyet
The fine appeared to cap a government crackdown on major Chinese tech platforms, and Alibaba in particular, over allegations of anti-competitive behavior and misuse of consumer…
The State Administration for Market Regulation said it assessed the fine after concluding an…