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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.
China's State Administration for Market Regulation (SAMR) published 28 administrative penalties on July 10 for failing to declare illegal concentration of business operators.
On Dec. 14, Alibaba Investment, China Literature, and Hive Box were fined an overall 1.5 million yuan for violating the anti-monopoly law, according to a notice from the State Administration for Market Regulation.
The Chinese government announced on Monday that it has launched an anti-monopoly investigation into food delivery giant Meituan, stepping up its campaign aimed at reining in the power of the country’s big tech groups.