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Chinese Regulators Issue a $2.8 Billion Fine Against Alibaba for Violating Anti-Monopoly laws
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Chinese Regulators Issue a $2.8 Billion Fine Against Alibaba for Violating Anti-Monopoly laws

Apr 12, 2021
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Chinese Regulators Issue a $2.8 Billion Fine Against Alibaba for Violating Anti-Monopoly laws
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(Source: Sinatech)

Chinese state media Xinhua News reported that Chinese E-commerce giant Alibaba received an ¥18.2 billion(US$2.8 billion) fine earlier on Saturday.

Xinhua revealed that China’s State Administration for Market Regulation started an investigation against Alibaba in December 2020. The regulator accused the Chinese E-commerce giant of abusi…

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