How to interpret Alibaba’s record US$2.8bn fine?

Date : 14 April 2021

Jiong-Jiong Yu

Senior Retail Analyst

China has imposed a record fine of CNY18.2 bn (US$2.8 bn) on Alibaba, one of the country’s largest online retailers, after an investigation found the ecommerce giant violated China’s anti-monopoly law. A slap on the wrist: painful but bearable On Monday 12 April, Alibaba accepted a CNY18.2 bn…

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