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The Beijing High People’s Court on Friday ruled that Alibaba ‘abused its market dominance’ and ordered the Taobao and Tmall operator to pay US$141 million in damages.
Chinese Regulators Summon Big Tech Who's Who for Showdown Talks Thirteen Chinese tech firms have been told to change their ways by stopping anticompetitive practices and getting licenses for consumer credit. Chinese financial regulators have summoned all of China's leading tech names to rein in their distribution of consumer credit and to warn them to cut out their monopolistic behavior. The Chinese authorities are mandating reform for 13 domestic Internet companies, a Who's Who of the Chinese tech world. The fintech businesses of WeChat superapp operator Tencent Holdings TCEHY, the "...