Live Breaking News & Updates on Antitrust Guideline

Stay updated with breaking news from Antitrust guideline. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Alibaba Hit with Record $2.8 Billion Fine for Antitrust Violations in China | Dentons


On April 10, 2021, the State Administration for Market Regulation (“
SAMR”), the national antitrust enforcement agency of China, released its penalty decision against Alibaba, one of the world’s largest e-commerce companies. SAMR held that Alibaba has abused its dominant position in China’s online retail platform market by a practice called “choose one from two” – punishing merchants who operate online stores both on Alibaba and on its rival platforms or who run promotions at the same time on both platforms. Alibaba was levied a record fine of 18.2 billion CNY (approx. $2.8 billion), which represents 4% of the company’s domestic annual sales. The fine exceeds and almost triples China’s antitrust fine imposed on Qualcomm in 2015, 6.088 billion CNY, the record keeper before Alibaba. It also comes close to the amount of Google’s first antitrust ticket in the European Union for abusing its market dominance of the search engine market in 2017. ....

European Union , Administration For Market Regulation , State Administration , Market Regulation , Anti Monopoly Law , Antitrust Guideline , Platform Economy , Market Definition , Online Retail Platform , Black Friday , ஐரோப்பிய தொழிற்சங்கம் , சந்தை ஒழுங்குமுறை , எதிர்ப்பு ஏகபோகம் சட்டம் , நடைமேடை பொருளாதாரம் , சந்தை வரையறை , நிகழ்நிலை சில்லறை நடைமேடை , கருப்பு வெள்ளி ,