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(Reuters) - China's Alibaba said on Friday it had agreed to pay $433.5 million to settle a U.S. class-action lawsuit filed by investors alleging monopolistic practices by the e-commerce giant.
The Chinese regulator penalized Alibaba by $2.8 billion in 2021, equivalent to 4% of the e-commerce juggernaut’s 2019 revenue. Also Read: Alibaba’s Sto Alibaba Clears 3-Year Regulatory ...
Authorities collected 23.6 billion yuan (US$3.53 billion) in antitrust fines in 2021, about 52 times the 450 million yuan received in 2020, according to the report. ... E-commerce giant Alibaba ...
Alibaba has come under intense scrutiny since billionaire founder Jack Ma's public criticism of the Chinese regulatory system in October. UPDATE 6-Alibaba shrugs off $2.75 bln antitrust fine ...
Alibaba Group Holdings is selling up to US$5 billion in international debt markets as analysts brush off the impact of an antitrust investigation into its mainland China e-commerce business. The ...
"A true enhancement of China's antitrust efforts will depend on persistent determination from the central government and a more transparent, fair mechanism to help the antitrust forces to get rid ...
The moves signal the SAMR, which has extracted billions in penalties from Alibaba Group The bureau will split into three separate divisions focusing on antitrust investigations, market competition ...
China's top market watchdog has begun a probe into Alibaba over alleged anti-competition practices at the e-commerce firm, the latest of Beijing's efforts to curb the country's ever-expanding ...