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China fines Alibaba record Sh292.4billion for anti-monopoly violations

By Reuters | 4yrs ago

China fines Alibaba record Sh292.4billion for anti-monopoly violations

China slapped a record Sh292.4billion fine on Alibaba Group Holding Ltd on Saturday, after an anti-monopoly probe found the e-commerce giant had abused its dominant market position for several years.

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