• Deaf Leaders Foundation

No material impact expected: Alibaba CEO on $2.75B antitrust fine

Alibaba CEO Daniel Zhang said he does not expect any material impact on the company after Chinese regulators imposed a $2.75-billion fine on Alibaba for violating anti-monopoly rules. The regulators found that Alibaba abused its dominant market position by preventing merchants from using other online e-commerce platforms. The fine is the highest ever antitrust fine to be imposed in China.

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