China regulators fine Alibaba $2.75 bln for anti-monopoly violations

Reuters2021-04-10

SHANGHAI, April 10 (Reuters) - Chinese regulators have fined Alibaba 18 billion yuan ($2.75 billion) - around 4% of its revenues in 2019 - for violating anti-monopoly rules and abusing its dominant market position.

The State Administration for Market Regulation has also ordered Alibaba to make "thorough rectifications" to strengthen internal compliance and protect consumer rights.

($1 = 6.5522 yuan)

(Reporting by Cheng Leng and David Stanway; Editing by Himani Sarkar)

((david.stanway@thomsonreuters.com; +86 21 2083 0066;))

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精彩评论

  • SeeKayGo
    2021-04-11
    SeeKayGo
    Bad news. Share will go down on Monday.
  • Evelyn022
    2021-04-10
    Evelyn022
    Good article 
  • 大野田峰
    2021-04-10
    大野田峰
    Hopefully the end of the negative news
  • Jj1985
    2021-04-10
    Jj1985
    Well it's a good long term company but the risk of China. 
  • SSSG
    2021-04-10
    SSSG
    The value of my portfolio dropped a lot, hopefully it won't impact Alibaba seriously as it is still a good company.
  • Aaden
    2021-04-10
    Aaden
    Shit! My call option 😪
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