ALIBABA FINED $2.8 BILLION ON COMPETITION CHARGE IN CHINA
Apr 16, 2021
1 minute
Alibaba Group, the world’s biggest e-commerce company, was fined 18.3 billion yuan ($2.8 billion) by Chinese regulators for anticompetitive tactics, as the ruling Communist Party tightens control over fast-growing tech industries.
Party leaders worry about the dominance of China’s
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