A motorist travels past an Alibaba Group Holding office building in Shanghai on Thursday, December 24, 2020. Photo: Bloomberg
Alibaba antitrust investigation: Beijing slaps e-commerce giant with record US$2.8 billion fine in landmark case
- The fine surpassed the previous record imposed on Qualcomm in 2015
- Regulators stressed that the fine imposed is for the healthy development of China’s internet economy
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A motorist travels past an Alibaba Group Holding office building in Shanghai on Thursday, December 24, 2020. Photo: Bloomberg