HomeNewsChina Hits Alibaba With Big $2.78 Billion Nice For Market Abuse: Report

China Hits Alibaba With Big $2.78 Billion Nice For Market Abuse: Report

April 10, 2021

4

Chinese language regulators have hit e-commerce large Alibaba with a large 18.2 billion yuan wonderful.

Shanghai, China: Chinese language regulators have hit e-commerce large Alibaba with a large 18.2 billion yuan ($2.78 billion) wonderful over practices deemed to be an abuse of the corporate’s dominant market place, state-run media reported on Saturday.

Xinhua information company mentioned the State Administration for Market Regulation had assessed the wonderful after concluding an investigation into Alibaba that started in December.

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