Alibaba accepts record $2.8bn fine and thanks Chinese authorities for ‘guidance’
By Martin in Business
Updated 3 years ago
Alibaba group has accepted the record $2.8bn (£2.04bn) fine and thanked Chinese authorities for “guidance” following an antitrust probe that found it abused its dominant market position over rivals and merchants. The shares of Alibaba Group witnessed a surge of over five per cent in Hong Kong following the announcement...