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China imposed $ 2.78 billion fine on Alibaba, launched investigation against the company last year

Shanghai: China’s regulators have fined the e-commerce giant Alibaba 18.2 billion yuan ($ 2.78 billion). The company has been fined for misusing market positions. The news agency Xinhua said that the Market Regulation Administration had assessed the fine after the Alibaba investigation began in December. According to Chinese regulators, Alibaba has violated anti-monopoly laws. Along […]