Shanghai: Chinese regulators imposed a US$2.8bil (RM11.5bil) fine in an anti-monopoly investigation of Alibaba Group Holding Ltd.
The State Administration for Market Regulation, which launched the probe into the e-commerce giant in December, charged Alibaba with abusing its market dominance.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!