Alibaba fined US$2.75bn for anti-monopoly violations by Chinese regulators
Inside Retail
APRIL 11, 2021
billion) – around 4 per cent of its revenues in 2019 – for violating anti-monopoly rules and abusing its dominant market position. It said the practice violates China’s anti-monopoly law by hindering the free circulation of goods and infringing on the business interests of merchants.
Let's personalize your content