China Hits Alibaba With Record $2.8 Billion Fine For Behaving Like A Monopoly

China has ordered Alibaba to pay a record fine of 18.2 billion yuan ($2.8 billion) after antitrust regulators concluded that the online shopping giant had been behaving like a monopoly.

Topics:  alibaba   china   record   billion   fine   behaving like a monopoly   
BING NEWS:
  • Apple’s India iPhone Output Hits $14 Billion in China Shift
    Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its ...
    04/9/2024 - 8:26 pm | View Link
  • China’s internet giants snap up their own shares to boost flagging stock market value
    Alibaba has joined a series of Chinese tech companies that have ramped up share buybacks in the past year. Tencent spent a record 49 billion Hong Kong dollars ($6.3 billion) repurchasing shares in ...
    04/2/2024 - 9:58 pm | View Link
  • China hits back at US, UK for sanctions on espionage hacks as coordinated pressure on Beijing grows
    Beijing has lashed out at the United States and the United Kingdom for imposing sanctions over alleged Chinese government-backed cyberattacks, calling the Western allies’ move an act of “polit ...
    03/25/2024 - 10:21 pm | View Link
  • China hits out at US and UK over cyber hack claims
    Seven Chinese men have been charged with enacting a widespread "malicious" cyber-attack campaign China has hit back at accusations from the US and UK that it is behind a state hacking operation ...
    03/25/2024 - 1:00 pm | View Link
  • China Scrutinizes PwC Role in $78 Billion Evergrande Fraud Case
    (Bloomberg) -- Chinese authorities are examining the role of PricewaterhouseCoopers LLP in China Evergrande Group’s accounting practices after the developer was accused of a $78 billion fraud ...
    03/21/2024 - 1:00 pm | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Technology News