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China Fines Alibaba Record $2.78Bln Over Anti-Monopoly Violations

BEIJING (Sputnik) – The Chinese State Administration for Market Regulation said on Saturday that it had fined e-commerce giant Alibaba 18.228 billion yuan ($2.78 billion) over anti-monopoly violations. The body launched an investigation into Alibaba’s anti-monopoly violations in late 2020,…