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China reports 14 new COVID-19 cases in mainland vs 21 a day earlier

BloombergRecord Alibaba Fine Shows China’s Big Tech Can’t Fight Back(Bloomberg) — After China imposed a record antitrust fine on Alibaba Group Holding Ltd., the e-commerce giant did an unusual thing: It thanked regulators.“Alibaba would not have achieved our growth without sound government regulation and service, and the critical oversight, tolerance and support from all of…

China Fines Alibaba $2.8 Billion in Landmark Antitrust Case

AdvertisementContinue reading the main story The penalty is the biggest move to date in China’s campaign to tighten supervision of its internet Goliaths. China’s market watchdog began investigating Alibaba, the e-commerce giant, in December for potential antitrust violations.Credit…Ye Aung Thu/Agence France-Presse — Getty Images April 9, 2021 阅读简体中文版閱讀繁體中文版 By hitting the e-commerce titan Alibaba with…

Alibaba Hit With Record $2.8 Billion Antitrust Fine in China

China’s antitrust regulator imposed a fine equivalent to $2.8 billion against Alibaba Group Holding Ltd. for abusing its dominant position over rivals and merchants on its e-commerce platforms, a record penalty in the country that comes amid a wave of scrutiny on the business empire of company founder Jack Ma.China’s State Administration for Market Regulation…

Alibaba fined $2.8 billion on competition charge in China

BEIJING — Alibaba Group, the world’s biggest e-commerce company, was fined 18.3 billion yuan ($2.BEIJING — Alibaba Group, the world’s biggest e-commerce company, was fined 18.3 billion yuan ($2.8 billion) by Chinese regulators on Saturday for anti-competitive tactics, as the ruling Communist Party tightens control over fast-growing tech industries.Party leaders worry about the dominance of…

Alibaba fined $2.8 billion on competition charge in China

BEIJING — Alibaba Group, the world’s biggest e-commerce company, was fined 18.3 billion yuan ($2.8 billion) by Chinese regulators on Saturday for anti-competitive tactics, as the ruling Communist Party tightens control over fast-growing tech industries.Party leaders worry about the dominance of China’s biggest internet companies, which are expanding into finance, health services and other sensitive…