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September 01, 2020 1:41pm
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Alibaba hit with record $2.8 billion antitrust fine in China

China’s antitrust regulator has imposed a fine equivalent to $2.8 billion against Alibaba Group Holding Ltd for 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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