×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - on Play Store
Read on the App

Jack Ma to pay China Sh295 billion

Jack Ma is the founder of China-based e-commerce company Alibaba. [File, Standard]

Chinese regulators said on Saturday they have fined Alibaba Group Holding Ltd a domestic record $2.75 billion (Ksh295 billion) for antitrust violations, amid an unprecedented regulatory crackdown on Jack Ma’s company and other technology conglomerates.

LIU XU, RESEARCHER AT THE NATIONAL STRATEGY INSTITUTE, TSINGHUA UNIVERSITY

Get Full Access for Ksh299/Week
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in