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Online & Digital

Alibaba accepts $2.8bn fine for breaching Chinese competition laws

In response to the decision Alibaba said it had accepted the penalty with ‘sincerity’ and will ensure its ‘compliance with determination’

E-commerce giant Alibaba revealed it has accepted a record $2.8bn (£2bn) fine from the Chinese regulator the State Administration for Market Regulation (SAMR) for breaking competition laws.

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