Alibaba slapped with record $2.7B antitrust fine
Alibaba Group has been slapped with a record 18.2 billion yuan ($2.77 billion) fine for breaching China’s antitrust regulations and “abusing [its] market dominance”. The Chinese e-commerce giant says it will “accept” the ruling, which marks the culmination of an investigation that began last December. China’s State Administration for Market Regulation (SAMR) said in a […]
