Beijing’s market watchdog started investigating Alibaba in December for potential antitrust violations together with … Chinese regulators hit Alibaba with a 18.23 billion yuan ($2.8 billion) fine in its anti-monopoly investigation of the tech giant, saying it abused … 1 1 minute read. (Bloomberg) --China slapped a record $2.8 billion fine on Alibaba Group Holding Ltd. after an anti-monopoly probe found it abused its market dominance, as Beijing clamps down on its internet giants. The fine is 4% of Alibaba's total 2019 sales in China — which was 456 billion yuan, or over $69 billion. 0. Alibaba Faces $2.8 Billion Fine From Chinese Regulators April 10, 2021 by Staff Reporter China on Saturday said it was imposing a record $2.8 billion fine on the e-commerce titan Alibaba for monopolistic business practices, the government’s toughest action to date in its campaign to regulate the country’s internet giants more closely. China on Saturday said it was imposing a record $2.8 billion fine on the e-commerce titan Alibaba for monopolistic business practices, the government’s toughest action to date in its campaign to regul Home/Tech/ Alibaba Faces $2.8 Billion Fine From Chinese Regulators. The New York Times - China on Saturday said it was imposing a record $2.8 billion fine on the e-commerce titan Alibaba for monopolistic business practices, the government’s toughest action to date in its campaign to regulate the country’s internet giants … Alibaba Faces $2.8 Billion Fine From Chinese Regulators - The New York Times Alibaba Faces $2.8 Billion Fine From Chinese Regulators - The New York Times Alibaba Faces $2.8 Billion Fine From Chinese Regulators - The New York Times Alibaba Faces $2.8 Billion Fine From Chinese Regulators April 10, 2021 0 Comments China on Saturday said it was imposing a record $2.8 billion fine on the e-commerce titan Alibaba for monopolistic business practices, the government’s toughest action to date in its campaign to regulate the country’s internet giants more closely.… China on Saturday mentioned it was imposing a record $2.8 billion fine on the e-commerce titan Alibaba for monopolistic business practices, the federal government’s hardest motion to this point in its marketing campaign to manage the nation’s web giants extra carefully. Amazon Union Vote: Labor Loss May Bring Shift in Strategy. The fine will have little impact on Alibaba’s billion-dollar business, which brought in a revenue of 221.08 billion RMB ($34.2 billion) in Q3 2020. Vaccine Passports: What Are They, and Who Might Need One? Tech Alibaba Faces $2.8 Billion Fine From Chinese Regulators. Alibaba Faces $2.8 Billion Fine From Chinese Regulators; How to Grip a Putter: 9 Ways the Pros Use; Yehuda Ben-Yishay, Pioneer in Treating Brain Injuries, Dies at 88; My Ridiculous Dating System Totally Works! admin Send an email 1 hour ago. Facebook Twitter LinkedIn Tumblr Pinterest Reddit VKontakte Odnoklassniki Pocket. China started ramping up scrutiny of its tech giants last year. Google Won. China on Saturday said it was imposing a record $2.8 billion fine on the e-commerce titan Alibaba for monopolistic business practices, the government’s toughest action to date in its campaign to regulate the country’s internet giants more closely. China has ordered Alibaba to pay a record fine of 18.2 billion yuan ($2.8 billion) after antitrust regulators concluded that the online shopping giant had been behaving like a monopoly. Share. Indeed, as one of China’s biggest companies and domestic success stories, it is unlikely that authorities want to damage the prospects of Alibaba, but rather limit its monopoly power. Alibaba Faces $2.8 Billion Fine From Chinese Regulators Chinese Regulators Fine Alibaba Record $2.75 Billion For Anti-Monopoly Violations. By Cheena Khanna On Apr 10, 2021. Chinese authorities have slapped Alibaba with a $2.8 billion fine after finishing an anti—trust investigation that looked into alleged monopolistic practices. So Did Tech. Inside the Fight for the Future of The Wall Street Journal. 5 … World Business Hot News. The penalty is the biggest move to date in China’s campaign to tighten supervision of its internet Goliaths.By hitting the China on Saturday said it was imposing a record $2.8 billion fine on the e-commerce titan Alibaba for monopolistic business practices, the government’s toughest action to date in its campaign to regulate the country’s internet giants more closely. China on Saturday said it was imposing a record $2.8 billion fine on the e-commerce titan Alibaba for monopolistic business practices, the government’s Alibaba Faces $2.8 Billion Fine From Chinese Regulators. China on Saturday said it was imposing a record $2.8 billion fine on the e-commerce titan Alibaba for monopolistic business practices, the government’s toughe ‘The Start of a Comeback’ in 5 U.S. Cities; Jamia Nizamia head Mufti Azeemuddin passes away at …
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