$2.8 Billion Fine Imposed On Alibaba For Antitrust Case In China

Authorities of China have recently slapped Alibaba with a $2.8 billion fine after finishing the investigation over the antitrust case. The State Administration launched a probe for the regulation of the market into an e-commerce giant during the month of December 2020. The policy particularly forces merchants to sell on this platform exclusively and further prevents them from selling on the other rival e-commerce shopping websites. Through a post from the watchdog website, it can be noticed that this policy has eliminated and restricted the competition totally from the country and has hindered innovation in the online retail platform sector. READ MORE