Maxi-fine in China to Alibaba for abuse of dominant position: 2.78 billion dollars

Alibaba Group (Chinatopix via AP)

• Chinese antitrust opens an investigation against Alibaba, the stock collapses on the stock market

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April 10, 2021 The Chinese authorities have fined the e-commerce giant Alibaba with a maxi-fine of 18.2 billion yuan (equal to 2.78 billion dollars) for abuse of dominant position. The Beijing media announced it.

The fine follows an investigation launched against the company in December, New China reported.