China Hits Alibaba With $2.78 Billion Fine For “Market Abuses”
China Hits Alibaba With $2.78 Billion Fine Following Investigation CHINA HITS ALIBABA WITH FINE – Chinese Regulators fined Alibaba $2.78 Billion for “abusing their position”. According to China’s state-run media Xinhua News, Alibaba required merchants to exclusively sell their products on their platform. With this, Alibaba could possibly cut off competition from other e-commerce sites. … Read more