The New Paper

April 12, 2021

Chinese government fines Alibaba

The Chinese government imposed a $2.8B fine on Alibaba following a months-long antitrust investigation. The fine marks the latest in growing Chinese regulatory scrutiny over its tech giants, including the postponement of fintech company Ant Group’s IPO last year.
This story is from the April 12, 2021 edition of The New Paper – a clear, concise daily briefing that makes fact-first news easy to consume. Try it today.