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China Fines Alibaba Record $2.8 Billion After Monopoly Probe


China Fines Alibaba Record $2.8 Billion After Monopoly Probe
Bloomberg
23 mins ago
Bloomberg News
© Bloomberg
Pedestrians wearing protective masks walk past the Alibaba Group Holding Ltd. logo displayed in front of the company s building in Beijing, China, on Wednesday, Aug. 19, 2020. U.S. President Donald Trump is threatening to slap TikTok-style sanctions on more Chinese companies and Alibaba Group Holding Ltd., as the largest of them all, may be next in line.
(Bloomberg) China slapped a record $2.8 billion fine on Alibaba Group Holding Ltd. after an anti-monopoly probe found it abused its market dominance, as Beijing clamps down on its internet giants. ....

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