Apr 10, 2021
Alibaba: Chinese regulator slaps huge fine on tech giant
The world's biggest online retailer - China's Alibaba - has been hit with a record fine equivalent to $2.75bn. Regulators in China said the internet giant had abused its dominant market position for several years. Analysts say the fine shows China intends to move against internet platforms that it thinks are too big. While not well known outside China, inside the country Alibaba is an ever-present behemoth, the BBC's Robin Brant reports from Shanghai. The company is China's Amazon meets eBay, our correspondent says. Jack Ma is well-known in China as one of the country's most successful entrepreneurs.
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