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
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."