Comment on China’s record fine against Alibaba spells the end of Big Tech’s romance with the state

China’s record fine against Alibaba spells the end of Big Tech’s romance with the state

China’s state-run anti-monopoly bureau has tightened its regulations on big tech players, as shown by its recent move against the country’s largest e-commerce company, Alibaba Group. Alibaba was hit with a record antitrust fine of 18.2 billion yuan (more than A$3.6 billion) over the weekend for supposedly abusing its market dominance.

 

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