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Tag Archives: $2.8

The Wall Street Journal: Alibaba hit with record $2.8 billion antitrust fine in China

China’s antitrust regulator has imposed a fine equivalent to $ 2.8 billion against Alibaba Group Holding Ltd  for abusing its dominant position over rivals and merchants on its e-commerce platforms, a record penalty in the country that comes amid a wave of scrutiny on the business empire of company founder …

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