A motorist travels past an Alibaba Group Holding office building in Shanghai on Thursday, December 24, 2020.  Photo: Bloomberg A motorist travels past an Alibaba Group Holding office building in Shanghai on Thursday, December 24, 2020.  Photo: Bloomberg
A motorist travels past an Alibaba Group Holding office building in Shanghai on Thursday, December 24, 2020. Photo: Bloomberg
Alibaba

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

Topic |   Alibaba
A motorist travels past an Alibaba Group Holding office building in Shanghai on Thursday, December 24, 2020.  Photo: Bloomberg A motorist travels past an Alibaba Group Holding office building in Shanghai on Thursday, December 24, 2020.  Photo: Bloomberg
A motorist travels past an Alibaba Group Holding office building in Shanghai on Thursday, December 24, 2020. Photo: Bloomberg
READ FULL ARTICLE