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’
![](https://b855165.smushcdn.com/855165/wp-content/uploads/2021/04/library_offices_photo15_large-e1618217885922-895x540.jpg?lossy=1&strip=1&webp=1)
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.
You'll need to
subscribe to unlock this content. Already subscribed? Login?