Alibaba has received a 500,000 yuan ($76,463) fine from the State Administration for Market Regulation ... Alibaba Fined by Chinese Government For Improper Declarations – Report. According to China’s state-run media Xinhua News, Alibaba required merchants to … Alibaba Group had forced their e-commerce sellers to pick any one platform. CHINA HITS ALIBABA WITH FINE – Chinese Regulators fined Alibaba $2.78 Billion for “abusing their position”.. China’s State Administration for Market Regulation has levied a fine of a whopping $2.8 billion against Alibaba Group Holding Ltd. for mistreating its dominant position over rivals and merchants on its e-commerce platforms. As a response to the massive fine of CNY 18.23 billion or USD 2.78 billion, Alibaba … BEIJING (AP) — Alibaba Group, the world’s biggest e-commerce company, was fined 18.3 billion yuan ($2.8 billion) by Chinese regulators on Saturday for anti-competitive tactics, as the ruling Communist Party tightens control over fast-growing tech industries. The company was fined … Alibaba fined $2.8 billion by Chinese regulators amid regulatory scrutiny on business empire. Alibaba Group has already faced legal actions in the past. The Chinese government had asked the conglomerate … Alibaba Group, the world’s biggest e-commerce company, has been fined $2.8 billion by Chinese regulators for anti-competitive tactics, as it tightens control over fast-growing tech industries. Jack Ma has hit a record again. BEIJING (AP) — Alibaba Team, the globe’s most significant ecommerce firm, was fined 18.3 billion yuan ($2.8 billion) by Chinese regulatory authorities on Saturday for anti-competitive techniques, as the judgment Communist Event tightens up control over fast-growing technology markets. Alibaba Group, one of the biggest online commerce companies in China, has been fined a record-breaking $2.75 billion by Chinese regulators. Alibaba Group Holding Ltd. has been fined by the Chinese regulators for violating the monopoly laws. It's the highest ever antitrust fine to be imposed in the country. China hits Alibaba with record $2.78bn fine for market abuses SHANGHAI- Agence France-Presse. Chinese regulators have hit e-commerce company Alibaba with a fine of 18.2bn yuan (US$2.78bn) over practices deemed to be an abuse of its dominant market position, according to … Alibaba Group Holding, the world’s largest e-commerce company and owner of this newspaper, was fined 18.2 billion yuan (US$2.8 billion) by the … Alibaba and Tencent-owned e-book division China Literature are being penalised for past business deals that … Jack Ma s Alibaba gets fined $2.8 billion by Chinese regulator for violating antimonopoly rules Chinese Regulator ordered a fine of $2.8 billion on e commerce giant Alibaba … Alibaba fine has fined Alibaba $ 2.8 billion after Chinese officials finished an antitrust investigation examining alleged monopoly practices.. As you may recall, the State Market Regulatory Authority launched an investigation against the “suspicious monopolistic behavior” of the e-commerce giant in December. BEIJING — Alibaba Group, the world’s biggest e-commerce company, was fined 18.3 billion yuan ($2.8 billion) by Chinese regulators on Saturday for anti-competitive tactics, as the ruling Communist Party tightens control over fast-growing tech industries. Chinese regulators have slapped a $2.75 billion dollar fine on Alibaba.The ecommerce group, founded by Jack Ma, is accused of violating anti-monopoly rules and abusing its dominant market position.Of particular concern was a practice where Alibaba is alleged to have forbidden merchants from listing on other e-commerce platforms.The fine, which is equivalent to around 4% of Alibaba's … It appears to be part of the Chinese government's tightening of tightening on growing influential IT companies. China Hits Alibaba With $2.78 Billion Fine Following Investigation. Chinese regulators hit e-commerce giant Alibaba with a record 18.2 billion yuan ($2.78 billion) fine on Saturday over practices deemed to be an abuse of the company’s dominant market position.. Alibaba, the Jack Ma-founded Chinese e-commerce leader and one of the world’s most valuable … The Chinese government has announced that it has fined the largest domestic online shopping company, Alibaba Group, for violating the Antimonopoly Act by about 300 billion yen in Japanese yen. Alibaba, Tencent-backed China Literature, and Shenzhen Hive Box were each fined 500,000 yuan ($76,463) by the State Administration for Market Regulation. After completing an antitrust probe into suspected monopolistic activities, Chinese regulators slapped Alibaba with a $2.8 billion fine. Reasons Why Alibaba might be Fined? Alibaba Group hit with record $2.8 billion fine amid increased government scrutiny of billionaire Jack Ma's tech empire Kevin Shalvey 2021-04-10T11:42:08Z Chinese e-commerce giant Alibaba was fined 18.2 billion yuan ($2.78 billion, €2.3 billion) by regulators on Saturday for violating anti-monopoly rules, state-run media reported. Chinese regulators have fined Alibaba $2.75 billion for violating anti-monopoly rules and abusing its dominant market position. China’s market regulator said Saturday it has fined Alibaba Group Holding Ltd. a whopping 18.2 billion yuan ($2.8 billion) for violating antitrust laws, a major development in the Chinese government’s efforts to rein in online platforms.. They have stopped their merchants to list themselves on other platforms which are against the rule of the Chinese Government. Alibaba fined $2.8 billion on competition charge in China Alibaba, world's largest e-commerce company, accused of anti-competitive tactics by Chinese regulators Alibaba and China Literature fined by Chinese government China’s market regulator has issued fines against two of the country’s leading internet companies. Chinese regulators hit Alibaba with a 18.23 billion yuan ($2.8 billion) fine in its anti-monopoly investigation of the tech giant, saying it abused its market dominance. Jack Ma’s Alibaba gets fined $2.8 billion by Chinese regulator for violating anti-monopoly rules. Beijing is worried about the dominance of the country's biggest internet companies including Alibaba at a time when the industry is expanding into finance, health services and other sensitive areas. Fine for market abuses SHANGHAI- Agence France-Presse one of the Chinese government 's tightening of tightening on influential. 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