China Fines Alibaba $2.8 Billion For Breaking Anti-Monopoly Law
The tech giant received a historically large fine Saturday from the Chinese government. Alibaba says it will comply with the fine and "ensure its compliance with determination."
The Chinese government says it is issuing a $2.8 billion fine on the e-commerce company Alibaba Group for violating its anti-monopoly regulations.
Alibaba is one of the most influential tech giants in China and the by the Chinese government for "suspected monopolistic conduct."
