Alibaba accepts record China fine and vows to change
China’s regulators slapped a $2.8bn fine on the e-commerce giant over monopoly concerns …
Alibaba executives sought to reassure investors that they are playing ball with the regulators. They’re going to make it cheaper for businesses to sell on their platform, and not force them to pick and choose between platforms – a practice seen by some in the industry as a case of “it’s my way or the highway”.
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