China eyes record monopoly fine of $1 billion for Alibaba: Report. The penalty could top the $975 million paid by US chipmaker Qualcomm in 2015 -- the biggest 

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2021-04-10 · Alibaba was ordered to correct its misconduct, and pay a fine equivalent to 4 per cent of its total 2019 revenue. The fine was nearly three times the 6.1 billion yuan penalty paid by Qualcomm

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2021-04-10 · China’s antitrust regulator imposed a fine equivalent to $2.8 billion against Alibaba Group Holding Ltd. for abusing its dominant position over rivals and merchants on its e-commerce platforms 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. 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 2 dagar sedan · Chinese regulators have hit e-commerce company Alibaba with a fine of 18.2bn yuan (US$2.78bn) over practices deemed to be an abuse of its dominant market position, according to state-run media 2021-04-10 · The fine comes as the latest blow to the 56-year-old billionaire's powerful business, which has expanded its activities from online trading and financial services to areas including logistics 2021-03-12 · China denied on Friday it was planning to hit e-commerce giant Alibaba with a record fine of almost $1 billion for allegedly flouting monopoly rules, as authorities turned up the pressure on the country's vast technology sector.

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Alibaba fine

Alibaba shares close 6.5% higher after being hit with $2.8 billion fine in anti-monopoly probe Published Sun, Apr 11 2021 9:52 PM EDT Updated Mon, Apr 12 2021 4:17 AM EDT Arjun Kharpal @ArjunKharpal

Alibaba fine

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 2 dagar sedan · Chinese regulators have hit e-commerce company Alibaba with a fine of 18.2bn yuan (US$2.78bn) over practices deemed to be an abuse of its dominant market position, according to state-run media 2021-04-10 · The fine comes as the latest blow to the 56-year-old billionaire's powerful business, which has expanded its activities from online trading and financial services to areas including logistics 2021-03-12 · China denied on Friday it was planning to hit e-commerce giant Alibaba with a record fine of almost $1 billion for allegedly flouting monopoly rules, as authorities turned up the pressure on the country's vast technology sector. 2021-04-09 · 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 1 dag sedan · Alibaba’s shares jumped 6.5% Monday—adding $40 billion to its market value—after China’s antitrust regulators imposed a record fine on the company over the weekend. 2 dagar sedan · Alibaba was ordered to correct its misconduct, and pay a fine equivalent to 4 per cent of its total 2019 revenue. 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.

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2021-04-09 · 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 1 dag sedan · Alibaba’s shares jumped 6.5% Monday—adding $40 billion to its market value—after China’s antitrust regulators imposed a record fine on the company over the weekend. 2 dagar sedan · Alibaba was ordered to correct its misconduct, and pay a fine equivalent to 4 per cent of its total 2019 revenue. 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.


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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. Chinese regulators hit Alibaba with a 18.23 billion yuan ($2.8 billion) fine in its anti-monopoly investigation of the tech giant, saying it abused its market dominance. The probe's main focus was 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.

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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. 1 dag 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 1 dag 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 · The world's biggest online retailer - China's Alibaba - has been hit with a record fine equivalent to $2.75bn (just over £2bn). Regulators in China said the internet giant had abused its dominant 2021-04-10 · 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.