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Fine with a fine: Alibaba accepts all-time high $2.8bn penalty from Chinese antitrust regulator

April 11th, 2021
Categories: News

Link: https://www.rt.com/business/520662-record-fine-alibaba-antitrust/

China’s antitrust regulators have hit Alibaba Group, the world’s largest e-commerce corporation, with an 18.2 billion yuan ($2.8 billion) fine, the highest penalty of its kind on record;.nearly three times higher than the 6.1-billion-yuan penalty imposed on Qualcomm, the world’s largest supplier of mobile chips, six years ago..

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