Business

China wants to impose the largest fine on Alibaba in history

Antitrust regulators in are considering imposing the largest fine on Alibaba in the country’s history, the Wall Street Journal reported, citing informed sources.





According to sources, the fine will exceed the $975 million that Qualcomm Inc. paid in 2015 for violating Chinese antitrust laws.

In addition, the Chinese authorities may require Alibaba to abandon the practice of “choose one of two”, in accordance with which the company, according to regulators, restricted a number of suppliers who cooperated with the platforms of competitors.

In December 2020, Chinese regulators launched an antitrust against Alibaba.

Alibaba Group is the largest Chinese company operating in the field of Internet commerce since 1999. The Group owns international Internet platforms Alibaba.com, AliExpress.com, Taobao.com, Tmall.com.


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