China fines Alibaba record $2.75 billion for anti-monopoly violations
https://www.reuters.com/article/us-china-alibaba/china-fines-alibaba-record-2-75-billion-for-anti-monopoly-violations-idUSKBN2BX015
SHANGHAI/HONG KONG (Reuters) -China slapped a record 18 billion yuan ($2.75 billion) fine on Alibaba Group Holding Ltd on Saturday, after an anti-monopoly probe found the e-commerce giant had abused its dominant market position for several years.