Chinese Regulators Issue a $2.8 Billion Fine Against Alibaba for Violating Anti-Monopoly laws
Chinese state media Xinhua News reported that Chinese E-commerce giant Alibaba received an ¥18.2 billion(US$2.8 billion) fine earlier on Saturday.
Xinhua revealed that China’s State Administration for Market Regulation started an investigation against Alibaba in December 2020. The regulator accused the Chinese E-commerce giant of abusi…