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Alibaba fined record CNY 18 billion after anti-monopoly investigation

Monday 12 April 2021 | 08:43 CET | News
Alibaba Group has been fined a record CNY 18 billion (USD 2.75 billion) in China, after an anti-monopoly probe found the e-commerce giant had abused its dominant market position for several years, Reuters reports. The fine is equal to about 4 percent of Alibaba's 2019 domestic revenues. 

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Categories: Internet
Companies: Alibaba
Countries: China
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