Alibaba Group faces record $2.8 billion fine for monopolistic behaviour

Alibaba’s record 18.2 billion RMB fine amounts to 4% of its 2019 domestic annual revenue Alibaba Group has been fined a record 18.2 billion RMB ($2.8 billion) by antitrust regulators for breaching competition laws. The fine was announced on April 10 and amounts to 4% of the company’s domestic annual revenue in 2019. This is … Continue reading Alibaba Group faces record $2.8 billion fine for monopolistic behaviour