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For Alibaba, the $2.8-billion fine was less severe than many feared and helps lift a cloud of uncertainty hanging over founder Jack Ma’s internet empire.

The fine was nearly three times the 6.1 billion yuan penalty paid by Qualcomm 2021-03-12 · China's antitrust regulators are considering levying a record fine on Alibaba Group Holding Ltd over suspected anticompetitive behavior, the Wall Street Journal reported on Thursday, citing people 2021-04-10 · China slapped a record $2.8 billion fine on Alibaba Group Holding Ltd. after an anti-monopoly probe found it abused its market dominance, as Beijing clamps down on its internet giants. 2 dagar sedan · The fine, about 4% of Alibaba's 2019 domestic revenues, comes amid a crackdown on technology conglomerates and indicates China's antitrust enforcement on internet platforms has entered a new era 2 dagar sedan · Taking its war against Jack Ma-founded empire to a serious level, Chinese regulators have slapped a record fine of 18.2 billion yuan ($2.8 billion) on e-commerce giant Alibaba Group Holding. 1 dag sedan · Alibaba is enjoying its best day in months. Is it time to take profits, get long or avoid altogether? Let's look at the chart.

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1 dag sedan · China slapped a record 18 billion yuan ($2.75 billion) fine on Alibaba Group Holding Ltd on Saturday, after an anti-monopoly probe found the e-commerce giant had abused its dominant market

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ET First Published: April 11, 2021 at 11:16 p.m. ET 2 dagar sedan · Shares in Alibaba surged on Monday after the e-commerce company said that a record $2.8bn (£2bn) fine handed down by Chinese regulators marked the end of an investigation into anti-competitive 2021-04-10 · Alibaba was ordered to correct its misconduct, and pay a fine equivalent to 4 per cent of its total 2019 revenue.

It said the fine was equal to 4% of its total 2019 sales of 455.712 billion yuan ($69.5 billion). 2021-04-10 · China slapped a record $2.8 billion fine on Alibaba Group Holding Ltd. after an anti-monopoly probe found it abused its market dominance, as Beijing clamps down on its internet giants. Analysts said the fine alone would not significantly affect Alibaba’s operations. It had $48bn of cash on its balance sheet at the end of 2020 and earned $24bn in net profit last year.
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12 Mar 2021 China issued fines to companies including Alibaba, Tencent, and Didi Chuxing, who were involved in 10 investment deals that violated antitrust

Import &; Export on alibaba.com 2021-04-10 · SHANGHAI: Chinese regulators hit the e-commerce giant Alibaba with a record 18.2 billion yuan (US$2.78 billion) fine on Saturday over practices deemed to be an abuse of the company's dominant 2021-04-10 · Chinese authorities have slapped Alibaba with a $2.8 billion fine after finishing an anti—trust investigation that looked into alleged monopolistic practices. The State Administration for Market 2021-04-10 · Alibaba, China's e-commerce giant, hit with record fine over antitrust. China's State Administration for Market Regulation doles out a $2.75 billion penalty to the company founded by Jack Ma. 2 dagar sedan · Alibaba is trying to draw a line under accusations that it behaved like a monopoly after Chinese regulators hit the online shopping giant with a record fine over the weekend. But that doesn't mean 2 dagar sedan · Alibaba executives said despite Saturday's record 18 billion yuan ($2.75 billion) fine and measures ordered by regulators, they remain confident in the government's overall support of the company. "They are affirming our business model," said Alibaba executive vice chairman Joe Tsai. 2 dagar sedan · Alibaba shares jump after record antitrust fine by China Last Updated: April 12, 2021 at 6:50 a.m. ET First Published: April 11, 2021 at 11:16 p.m.