Tuesday 18 May 2021
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lowyat - 1 month ago

China Fines Alibaba For RM11.5 Billion Over Monopolistic Behaviour

China’s authorities have issued a CNY 18.23 billion (~RM11.5 billion) fine to Alibaba over what they consider a monopolistic practice. Beijing had initiated an anti-monopoly investigation into Alibaba in December last year notably after company founder Jack Ma became persona non grata in government circles. State regulators zeroed on an Alibaba practice that forces [ ] The post China Fines Alibaba For RM11.5 Billion Over Monopolistic Behaviour appeared first on Lowyat.NET.


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