CHINESE ANTITRUST REGULATORS LIKELY TO LEVY ALIBABA GROUP’S ON RECORD FINE

Highlights –

• Chinese antitrust regulator's likely to levy Alibaba Group’s on record fine.
• The fine is likely to surpass $975 million, an amount paid by Qualcomm in 2015.
• Chinese regulators have been stinging criticism on Jack Ma’s business empire.
• China’s State Administration for Market Regulation had launched an antitrust probe into Alibaba.
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Tags : CHINA E-COMMERCE, CHINA ANTITRUST ADMINISTRATION FOR MARKET REGULATION, CHINA STATE ADMINISTRATION, ALIBABA GROUP HOLDING LTD., JACK MA,

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