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The Wall Street Journal: Alibaba hit with record $2 8 billion antitrust fine in China

The Wall Street Journal: Alibaba hit with record $2 8 billion antitrust fine in China
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Jack maAlibaba group holding ltdபலா மாஅலிபாபா குழு வைத்திருத்தல் லிமிடெட்

Morning news brief: Volcano erupts in southern Caribbean, China fines Alibaba, and more

La Soufriere volcano on the eastern Caribbean island of St Vincent erupted on Friday after decades of inactivity, sending dark plumes of ash and smoke billowing into the sky and forcing thousands from surrounding villages to evacuate. Chinese regulators have fined Alibaba Group Holding Ltd 18 billion yuan ($2.75 billion) for violating anti-monopoly rules. Click on headlines to read more

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China regulators fine Alibaba $2 75 bn for anti-monopoly violations

Updated: April 10, 2021 11:11 IST 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. Share Article AAA The logo of Alibaba Group is seen at its office in Beijing, China. | Photo Credit: REUTERS 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. Chinese regulators have fined Alibaba Group Holding Ltd 18 billion yuan ($2.75billion) for violating anti-monopoly rules and abusing its dominant market position, marking the highest ever anti-trust fine to be imposed in the country.

Jack maAlibaba group holding ltdAnt groupChina state administration for market regulationState administrationMarket regulationபலா மாஅலிபாபா குழு வைத்திருத்தல் லிமிடெட்எறும்பு குழுசந்தை ஒழுங்குமுறை

Expert view: China s Alibaba hit with record $2 75 billion antitrust fine

By Reuters Staff 5 Min Read (Reuters) - Chinese regulators said on Saturday they have fined Alibaba Group Holding Ltd a domestic record $2.75 billion for antitrust violations, amid an unprecedented regulatory crackdown on Jack Ma’s company and other technology conglomerates. FILE PHOTO: Jack Ma, founder and executive chairman of China s Alibaba Group, speaks in front of a picture of SoftBank s human-like robot named pepper during a news conference in Chiba, Japan, June 18, 2015. REUTERS/Yuya Shino/ STORY: LIU XU, RESEARCHER AT THE NATIONAL STRATEGY INSTITUTE, TSINGHUA UNIVERSITY “The $2.75 billion fine bill is not as big as we think - it’s almost a symbolic fine for Alibaba. The implications for the rest of China’s internet platforms are limited.

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China fines Alibaba record $2 75B for anti-monopoly

China fines Alibaba record $2 75B for anti-monopoly
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