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.
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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.