China’s big tech ‘rectification’ continues after Alibaba record fine

Alibaba’s massive fine is only the start of Beijing's plan to reverse monopolistic positions taken by China's tech giants, say analysts. — AP

A record fine, public penitence from a tech giant and a ‘who’s who’ of digital firms warned to “rectify” their ambitions within a month – state regulators are showing no one is bigger than Beijing in Xi Jinping’s China.

E-commerce titan Alibaba absorbed the massive US$2.78 bil (RM11.47bil) penalty from China's market watchdog last Saturday, after a months-long investigation found it had been abusing its dominant market position.