China Fines Alibaba $2.8 Billion For Breaking Anti-Monopoly Law

The Chinese government says it is issuing a $2.8 billion fine on the e-commerce company Alibaba Group for violating its anti-monopoly regulations.

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Author: ELENA MOORE

Source: npr

Alibaba is one of the most influential tech giants in China and the world. The company was under investigation by the Chinese government since December for "suspected monopolistic conduct."