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China fines e-commerce giant Alibaba a record £2bn for abusing dominant market position for years

China slapped a record 18 billion yuan (£2billion) fine on Alibaba Group Holding Ltd on Saturday, after an anti-monopoly probe found the e-commerce giant had abused its dominant market position for several years. The fine, about 4 per cent of Alibaba’s 2019

April 10, 2021

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