China Giveth, China Taketh away....
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)
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