The Chinese antitrust is considering a record sanction for Alibaba – The Chinese antitrust would be evaluating a fine against ecommerce giant Alibaba for an amount that could exceed Qualcomm’s 2015 fine of $ 975 million.

This was revealed by the Wall Street Journal citing sources close to the dossier. According to regulators, Alibaba has penalized some merchants who have sold goods both on the ecommerce platform and on other competing platforms.

For the people cited by the WJS this would be the highest fine ever imposed by the Beijing authorities against a Chinese company. For the American financial newspaper, the possibility of imposing is also being studied to the company led by Jack Ma the sale of some corporate assets not related to online sales. Since the end of last year, Alibaba has been targeted by Beijing along with its fintech company, Ant Group.



Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent News

Editor's Pick