Despite Stringent Antitrust Regulations, Alibaba Had Been Fined $2.8 Billion For Its Antitrust Violations
Jack Ma’s company Alibaba (BABA) will have to pay the Chinese authorities record fines. A study by the China Ministry of Commerce showed that Alibaba Restricted Competition, Violates Seller Rights, and Hurts Consumers. China’s antimonopoly regulators have fined Alibaba $ 2.78 billion, reports The Wall Street Journal. China’s State Administration for Market Control also publishes a […]