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Timeline: Events leading up to China's $2.75 billion fine on Alibaba SECTIONS Last Updated: Apr 10, 2021, 01:17 PM IST Share 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 sin...

By Reuters Staff 5 Min Read (Reuters) - 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. FILE PHOTO: Alibaba Group co-founder and executive chairman Jack Ma attends the World Artificial Intelligence Conference (WAIC) in Shanghai, China, September 17, 2018. REUTERS/Aly Song/ 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 syst...

THE STANDARD ASIA Billionaire Jack Ma has had a run-in with the Chinese Government since October 2020. [Courtesy] 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. Following are key events leading up to the fine on Alibaba. Oct. 21, 2020: Ant Group, Alibaba’s fintech unit wins the final nod from China’s top securities watchdog to register its Shanghai initial public offering (IPO), clearing the last regulatory hurdle for what is shaping up as history’s ...

Warburg Pincus Marks Down Ant Valuation After Failed China IPO Bloomberg 3/16/2021 Lulu Yilun Chen © Bloomberg Employees walk through the campus of the Ant Group Co. headquarters in Hangzhou, China, on Wednesday, Jan. 20, 2021. Ant Co-Founder Jack Ma resurfaced for the first time since China’s government began clamping down on his business empire nearly three months ago, appearing in a live-streamed video that sent Ant affiliate Alibaba Group Holding Ltd.'s stock soaring but left plenty of unanswered questions about the billionaire’s fate. (Bloomberg) -- Warburg Pincu...