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Alibaba Group Holding: E-Commerce-Riese gerät zunehmend unter Druck - Aktienanalyse (Der Aktionär) | Aktien des Tages
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China impone a Alibaba multa récord por violaciones antimonopolio
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China fines Alibaba record US$2 75 billion for anti-monopoly violations
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SHANGHAI/HONG KONG (April 10): China slapped a record 18 billion yuan (US$2.75 billion) fine on Alibaba Group Holding Ltd on Saturday, after an anti-monopoly probe found the e-commerce giant had abused its dominant market position for several years.
The fine, about 4% of Alibaba s 2019 domestic revenues, comes amid a crackdown on technology conglomerates and indicates China s antitrust enforcement on internet platforms has entered a new era after years of laissez-faire approach.
The Alibaba business empire has come under intense scrutiny in China since billionaire founder Jack Ma s stinging public criticism of the country s regulatory system in October.
A month later, authorities scuttled a planned US$37 billion IPO by Ant Group, Alibaba s internet finance arm, which was set to be the world s biggest ever. The State Administration for Market Regulation (SAMR) announced its antitrust probe into the company in December.
Timeline: Events leading up to China s $2.75 billion fine on Alibaba
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Last Updated: Apr 10, 2021, 01:17 PM IST
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Synopsis
The Alibaba business empire has come under intense scrutiny in China since its billionaire founder Jack Ma s stinging public criticism of the country s regulatory system in October.
Agencies
China slapped a record $2.75 billion antitrust fine on Alibaba Group Holding Ltd on Saturday, after regulators determined the e-commerce giant had abused its dominant market position for several years.
The Alibaba business empire has come under intense scrutiny in China since its billionaire founder Jack Ma s stinging public criticism of the country s regulatory system in October.