Alibaba Fined Nearly $2.8 Billion For Monopoly

Alibaba Fined Nearly $2.8 Billion For Monopoly

A employee of Alibaba walks past the gate of the company's headquarters in Hangzhou, East China's Zhejiang province, Dec. 24, 2020. On April 10, 2021, the General Administration of market supervision imposed an administrative penalty on Alibaba Group in accordance with the law, ordering it to stop its illegal acts, and imposed a fine of 18.228 billion yuan, or about 2.782 billion US dollars, based on 4% of its sales in 2019.

  • Product Code
  • ILEA000311576
  • Registered date
  • 2020/12/24 00:00:00
  • Credit
  • CFOTO / Kyodo News Images
  • Media source
  • Long Wei / CFOTO
  • Media size
  • 3000 × 2019 pixel
  • Resolution
  • 300 dpi
  • Deployment size
  • 1.42(MB)*
  • Special instruction
  • China Out
    **The text may be generated by an automatic translation system**

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