Chinese Regulators Hit Alibaba With 2 8 Billion Fine In Anti Monopoly Probe
The decision comes after a probe into the tech giant was ordered in December 2020 over its monopolistic practices and abusing its dominant market position for several years. The State Administration for Market Regulation (SAMR) said it had found that Alibaba had been “abusing market dominance” since 2015 by preventing its merchants from selling products on rival e-commerce platforms — a practice known as “choosing one from two.” The practice, which the SAMR has previously pointed out as illegal, violates China’s antimonopoly law and suppresses competition in the country’s online retail market....