China slaps record $2.8 billion fine on Alibaba after antitrust probe
The fine on Alibaba represents 4 percent of its total domestic revenue in 2019, which was 455.71 billion yuan, according to the SAMR."Alibaba accepts the penalty with sincerity and will ensure its compliance with determination," said the Hangzhou-based in a statement.
Apr 10, 2021, 12:23 PM IST