• Ledger Insights
• 13 Apr, 2021

On Saturday, it was announced that Chinese ecommerce giant Alibaba had an 18.2 billion yuan ($2.8 billion) antitrust fine imposed on it by the State Administration for Market Regulation following an investigation started in December. The record breaking fine was calculated as 4% of its 2019 domestic sales and resulted from Alibaba allegedly requiring merchants on its platform not to participate with its competitors. Today it was announced that Alibaba offshoot Ant Group
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