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China slams $2.8 billion fine...

China on Saturday slammed a record antitrust...

China slams $2.8 billion fine on Alibaba

China on Saturday slammed a record antitrust fine of nearly $2.8 billion on e-commerce giant Alibaba, the latest in Beijing’s ongoing efforts to clamp down on tech companies. China’s State Administration for Market Regulation (SAMR) said that it determined following the completion of an investigation launched in December that Alibaba’s "exclusive dealing agreements" have limited the sale of products on rival online platforms, according to CNN. The fine, which is about four per cent of Alibaba’s total domestic revenue for 2019, comes after Alibaba’s founder, Jack Ma criticised China’s regulatory system...

China slams $2.8...

China on Saturday slammed a record antitrust fine of nearly $2.8 billion on e-commerce giant Alibaba, the latest in Beijing’s ongoing efforts to clamp...
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