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Chinese regulators fine Alibaba record $2.8bn


Chinese regulators fine Alibaba record $2.8bn
Ecommerce group penalised for abusing market dominance as Beijing steps up scrutiny of tech sector
Sun, Apr 11, 2021, 16:45
Alibaba said it “sincerely accepted” the penalty.
 
Chinese regulators have fined Alibaba a record Rmb18.2 billion (€2.3 billion) after finding that the ecommerce group had abused its market dominance.
The $2.8 billion (€2.3 billion) penalty, which was set at 4 per cent of Alibaba’s 2019 revenues, concludes an antitrust investigation into the company founded by Jack Ma.
It comes as Chinese authorities have stepped up scrutiny on dealmaking and anti-competitive practices in its once lightly regulated technology sector.
The market regulator said that since 2015 Alibaba had forced merchants to sell exclusively on its Tmall and Taobao online shopping platforms. ....

Chen Lin , Li Chengdong , Robin Zhu , Europe International Business School , Administration Of Market Regulation , Financial Times , Bernstein Research , Ma Group , State Administration , Market Regulation , Dolphin Think Tank , China Europe International Business School , Jack Ma , சென் லின் , ராபின் ஜு , யூரோப் சர்வதேச வணிக பள்ளி , நிதி முறை , பெர்ன்ஸ்டீன் ஆராய்ச்சி , மா குழு , சந்தை ஒழுங்குமுறை , டால்பின் சிந்தியுங்கள் தொட்டி , சீனா யூரோப் சர்வதேச வணிக பள்ளி , பலா மா ,