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Friday, December 3, 2021 | 01:29 am
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Tags Alibaba gets fined

Tag: Alibaba gets fined

China Gets Serious About Antitrust, Fines Alibaba $2.75B

Chinese regulators have hit Alibaba with a record fine of 18 billion yuan (about $2.75 billion) for violating anti-monopoly rules as the country seeks to rein in the power of its largest internet conglomerates.

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