Tuesday , April 13 2021

BUSINESS

China slaps record $2.8 billion fine on Alibaba after antitrust probe

Chinese regulators on Saturday slapped a record fine of 18.2 billion yuan (2.8 billion dollars) on e-commerce giant Alibaba Group Holding after a months-long antitrust investigation that was initiated on Christmas eve last year, reports South China Morning Post. The fine imposed by the State Administration for Market Regulation (SAMR) ...

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