2 dagar sedan · Once seemingly untouchable, Alibaba founder Jack Ma has endured a tumultuous run that saw his Chinese e-commerce giant hit with a record 18 billion yuan ($2.75 billion) antitrust fine on Saturday

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Moreover, Alibaba has been obliged to file self-examination and compliance reports to the State Administration for Market Regulation (SAMR) for three years. 2 dagar sedan · Alibaba Fine Explained Alibaba’s Hong Kong share class gained +6.52% after Saturday’s announcement from the State Administration of Market Regulation fined Alibaba $2.78B fine (RMB 18.2B) for 2021-04-10 · Chinese regulators have hit Alibaba with a record fine of 18 billion yuan (about $2.75 billion) for violating anti-monopoly rules as the country seeks to rein in the power of its largest internet 2 dagar sedan · Alibaba’s shares rose by more than 6 percent in Hong Kong trading. Beyond the fine, the company agreed to stop violating antimonopoly rules and submit compliance reports for three years. 2021-04-10 · The fine appeared to cap a government crackdown on major Chinese tech platforms, and Alibaba in particular, over allegations of anti-competitive behaviour and misuse of consumer data. The State Administration for Market Regulation said it assessed the fine after concluding an investigation into Alibaba that began in December. Alibaba shares rose sharply on Monday after the ecommerce group controlled by billionaire Jack Ma said a record $2.8bn fine at the weekend marked the end of an antitrust investigation into the 2021-04-10 · The antimonopoly fine levied against Alibaba, which posted $72 billion in revenue for its most recent fiscal year that ended in March 2020, far surpassed previous Chinese regulatory penalties in (Bloomberg) -- Alibaba Group Holding Ltd. said that it’s unaware of any other probes by China’s antitrust regulator after the e-commerce giant was slapped with a record fine for its business 2021-04-10 · Alibaba Group was hit with the highest-ever antitrust fine imposed in China when the country’s regulator announced on Saturday that it had slapped a $2.8 billion fine on the tech giant.

Alibaba fine

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2021-04-10

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2 days ago

But smaller rivals Alibaba Fine Explained Alibaba’s Hong Kong share class gained +6.52% after Saturday’s announcement from the State Administration of Market Regulation fined Alibaba $2.78B fine (RMB 18.2B) for China has ordered Alibaba to pay a record fine of 18.2 billion yuan ($2.8 billion) after antitrust regulators concluded that the online shopping giant had been behaving like a monopoly. China's antitrust regulator doled out a record 18.2 billion yuan fine to e-commerce giant Alibaba on Saturday for abusing its market dominance. The figure is equivalent to $2.8 billion and 4 percent of the company's domestic annual sales. Additionally, Alibaba will have to revamp its operations and submit a "self-examination compliance report" within three years, per The Wall Street Journal 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 Chinese tech giant Alibaba said on Monday that it accepted a record penalty imposed by the country's anti-monopoly regulator. Regulators slapped a $2.8bn fine after a probe determined that it had 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.

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2 dagar sedan · Alibaba shares rise 6% in U.S. premarket trading after $2.8 billion anti-monopoly fine Published Sun, Apr 11 2021 9:52 PM EDT Updated Mon, Apr 12 2021 4:32 AM EDT Arjun Kharpal @ArjunKharpal

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2 days ago

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