Chinese e-commerce titan Alibaba was smacked with a record $2.75 billion antitrust fine by China’s government on Saturday, Reuters reported , with the State Administration …
Chinese e-commerce titan Alibaba was smacked with a record $2.75 billion antitrust fine by China’s government on Saturday, Reuters reported, with the State Administration for Market Regulation saying the company had abused its market power by keeping its sellers from using other e-commerce platforms. The fine comes several months after Alibaba founder and former CEO Jack Ma, one of China’s richest people, criticized China’s regulatory system, Reuters noted.
