, Alibaba, China’s e-commerce giant, hit with record fine over antitrust – Source CNET Tech, iBSC Technologies - learning management services, LMS, Wordpress, CMS, Moodle, IT, Email, Web Hosting, Cloud Server,Cloud Computing
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Alibaba, China’s e-commerce giant, hit with record fine over antitrust – Source CNET Tech

, Alibaba, China’s e-commerce giant, hit with record fine over antitrust – Source CNET Tech, iBSC Technologies - learning management services, LMS, Wordpress, CMS, Moodle, IT, Email, Web Hosting, Cloud Server,Cloud Computing

Angela Lang/CNET

Chinese e-commerce titan Alibaba was smacked with a record $2.75 billion antitrust fine by China’s government on Saturday, Reuters reported, with the State Administration for Market Regulation saying the company had abused its market power by keeping its sellers from using other e-commerce platforms.

The fine comes several months after Alibaba founder and former CEO Jack Ma, one of China’s richest people, criticized China’s regulatory system, Reuters noted. Following Ma’s comments, Chinese officials also put the kibosh on a planned $37 billion IPO by Ant…

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