Alibaba Fined $2.8 Billion on Monopoly Charge in China
Posted on 2021-04-10 12:15:04
Chinese regulators have fined e-commerce giant Alibaba 18.3 billion yuan ($2.8 billion) on charges of violating anti-monopoly rules.
The ruling Communist Party is tightening control over China's biggest e-commerce and other internet companies and has warned them not to use their industry dominance to stifle competition.
The State Administration for Market Regulation announced today that Alibaba was fined for abusing its dominant position to limit competition in online retailing.
Alibaba is the world's biggest e-commerce company by total volume of goods sold across its platforms.
Customer Service Hotline: 02-8522-7177 | Email: icrtclub@icrt.com.tw Customer Service Hours: Monday-Friday 10AM-6PM nternational Community Radio Taipei 19-5F, No. 5, Sec. 3, New Taipei Blvd., Xinzhuang Dist., New Taipei City 24250