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China's Communist-led government slaps Western styled Capitalist e-commerce giant Alibaba with $2.8 billion fine in anti-monopoly probe


Chinese regulators hit Alibaba with a 18.23 billion yuan ($2.8 billion) fine in its anti-monopoly investigation of the tech giant, saying it abused its market dominance.
The probe’s main focus was a practice that forces merchants to choose one of two platforms, rather than being able to work with both.
The company said in a statement it accepted the penalty and will comply with the regulator’s determination.
Chinese regulators hit Alibaba with a 18.23 billion yuan ($2.8 billion) fine in its anti-monopoly investigation of the tech giant, saying it abused its market dominance.
Regulators opened a probe into the company’s monopolistic practices in December. The investigation’s main focus was a practice that forces merchants to choose one of two platforms, rather than being able to work with both. ....

Hong Kong , Arjun Kharpal , Eunice Yoon , Evelyn Cheng , Jack Ma , Ant Group , China Securities Regulatory Commission , China State Administration For Market Regulation , State Administration , Market Regulation , Industrial Age , ஹாங் காங் , அர்ஜுன் கற்பால் , யூனிஸ் யூன் , ஈவ்லின் செங் , பலா மா , எறும்பு குழு , சீனா பத்திரங்கள் ஒழுங்குமுறை தரகு , சந்தை ஒழுங்குமுறை , தொழில்துறை வாழ்நாள் ,