. Alibaba fined $3.66 billion on monopoly charge in China « JO LEE MAGAZINE

THE SYDNEY MORNING HERALD/Chinese regulators have fined Alibaba 18 billion yuan ($3.66 billion) – around 4 per cent of its revenues in 2019 – for violating anti-monopoly rules and abusing its dominant market position.

The State Administration for Market Regulation (SAMR) said that after an investigation launched in December, it had determined that Alibaba Group had been “abusing market dominance” since 2015 by preventing its merchants from using other online e-commerce platforms.

More at The Sydney Morning Herald

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