Published 3 years ago

China regulators fine Alibaba $2.75 billion for anti-monopoly violations

Summary by Reuters

Chinese regulators have fined Alibaba 18 billion yuan ($2.75 billion) - around 4% of its revenues in 2019 - for violating anti-monopoly rules and abusing its dominant market position.

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Times of India

China regulators fine Alibaba $2.75bn for anti-monopoly violations

The penalty, equivalent to around 4% of Alibaba's revenues in 2019, comes amid an unprecedented regulatory crackdown on the home-grown technology conglomerates in the last few months that have weighed on company shares.

3 years ago·India

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BBC News

Alibaba: Chinese regulator slaps huge fine on tech giant

The e-commerce company Alibaba Group is fined $2.75bn for violating anti-monopoly rules.

3 years ago·United Kingdom

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Yahoo News

China regulators fine Alibaba $2.75 billion for anti-monopoly violations

Chinese regulators have fined Alibaba 18 billion yuan ($2.75 billion) - around 4% of its revenues in 2019 - for violating anti-monopoly rules and abusing its dominant market position. The State Administration for Market Regulation has also ordered Alibaba to make "thorough rectifications" to strengthen internal compliance and protect consumer rights. ($1 = 6.5522 yuan)

3 years ago·Los Angeles, United States

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News18 India

Alibaba Fined $2.8 Billion for Violating Anti-Monopoly Rules in China

Alibaba is the world's biggest e-commerce company by total volume of goods sold across its platforms.

3 years ago·India

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The Guardian

China fines Alibaba billions for alleged market abuses

Platform co-founded by Jack Ma, who has criticised Chinese authorities, misused its dominance, say state regulators

3 years ago·London, United Kingdom

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The Hindu

China regulators fine Alibaba $2.75 bn for anti-monopoly violations

The billionaire founder Jack Ma's business empire has been particularly put under intense scrutiny after his stinging criticism of China's regulatory system in late October.

3 years ago·India

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