China fines Alibaba record $2.75 billion for anti-monopoly violations

China fines Alibaba record $2.75 billion for anti-monopoly violations

3 years ago
Anonymous $4BDEsVAtYS

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.

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