China fines Alibaba record US$2.75bil for anti-monopoly violations (update)

* Penalty equals some 4% of Alibaba's 2019 China revenue * SAMR says Alibaba 'abusing market dominance' since 2015 * Alibaba accepts decision, says it will implement rulings

SHANGHAI/HONG KONG, April 10 (Reuters): China slapped a record 18 billion yuan (US$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 position for several years.