Alibaba Hit With $2.8 Billion Fine | How Will Impact The BABA Stock?
April 10, 2021
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6:08Now PlayingAlibaba Hit With $2.8 Billion Fine | How Will Impact The BABA Stock?
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as posted by the channelAlibaba Hit With Record $2.8 Billion Fine | BABA Stock Impact. China Fines Alibaba $2.8 Billion in Landmark Antitrust Case. The penalty is the biggest move to date in China’s campaign to tighten supervision of Alibaba and Jack Ma. The fine was imposed due to Alibaba allegedly abusing its dominant position over rivals and merchants on its e-commerce platforms, a record penalty in the country that comes amid a wave of scrutiny on the business empire of company founder Jack Ma.
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