Platform co-founded by Jack Ma, who has criticised Chinese authorities, misused its dominance, say state regulators
Chinese regulators have hit e-commerce company Alibaba with a fine of 18.2bn yuan (US$2.78bn) over practices deemed to be an abuse of its dominant market position, according to state-run media.
The Xinhua news agency said the state administration for market regulation had assessed the fine after concluding an investigation into Alibaba that began in December.
Continue reading...source https://www.theguardian.com/business/2021/apr/10/china-fines-alibaba-billions-for-alleged-market-abuses
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