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The fine represents four percent of Alibaba's most recent full-year earnings. 2021-04-10 · The fine imposed on Alibaba is nearly three times higher than the 6.1-billion-yuan penalty imposed on Qualcomm, the world’s largest supplier of mobile chips, six years ago. Moreover, Alibaba has been obliged to file self-examination and compliance reports to the State Administration for Market Regulation (SAMR) for three years. 2 dagar sedan · Alibaba Fine Explained Alibaba’s Hong Kong share class gained +6.52% after Saturday’s announcement from the State Administration of Market Regulation fined Alibaba $2.78B fine (RMB 18.2B) for 2021-04-10 · Chinese regulators have hit Alibaba with a record fine of 18 billion yuan (about $2.75 billion) for violating anti-monopoly rules as the country seeks to rein in the power of its largest internet 2 dagar sedan · Alibaba’s shares rose by more than 6 percent in Hong Kong trading. Beyond the fine, the company agreed to stop violating antimonopoly rules and submit compliance reports for three years. 2021-04-10 · The fine appeared to cap a government crackdown on major Chinese tech platforms, and Alibaba in particular, over allegations of anti-competitive behaviour and misuse of consumer data. The State Administration for Market Regulation said it assessed the fine after concluding an investigation into Alibaba that began in December.

Alibaba fine

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ET First Published: April 11, 2021 at 11:16 p.m. ET 2 dagar sedan · Shares in Alibaba surged on Monday after the e-commerce company said that a record $2.8bn (£2bn) fine handed down by Chinese regulators marked the end of an investigation into anti-competitive 2021-04-10 · Alibaba was ordered to correct its misconduct, and pay a fine equivalent to 4 per cent of its total 2019 revenue.

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The company reached a $2.8 billion settlement with Chinese regulators over antitrust issues. 4 days ago Alibaba Group has been hit with a record $2.8 billion fine in China. · Billionaire founder Jack Ma's tech empire has come under increased scrutiny 12 Mar 2021 “Antitrust regulators are considering levying a record fine against Alibaba exceeding the US$975 million that Qualcomm paid in 2015 over 4 days ago (Bloomberg) -- China slapped a record $2.8 billion fine on Alibaba Group Holding Ltd. after an anti-monopoly probe found it abused its market 3 days ago The e-commerce giant got an expensive bill for CEO Jack Ma critiquing regulators for stifling innovation. 12 Mar 2021 Jack Ma, founder and executive chairman of China's Alibaba Group has asked 12 companies to pay a fine of 500,000 yuan ($76,995)）each.
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Regulators slapped a $2.8bn fine after a probe determined that it had For Alibaba, the $2.8 billion fine was less severe than many feared and helps lift a cloud of uncertainty hanging over founder Jack Ma’s internet empire. The 18.2 billion yuan penalty was based Alibaba shares rise 6% in U.S. premarket trading after $2.8 billion anti-monopoly fine Published Sun, Apr 11 2021 9:52 PM EDT Updated Mon, Apr 12 2021 4:32 AM EDT Arjun Kharpal @ArjunKharpal 2021-04-10 2021-04-10 2 days ago 2021-04-10 2021-04-10 2021-04-10 1 day ago 2021-04-10 1 day ago Analysts said the fine alone would not significantly affect Alibaba’s operations. It had $48bn of cash on its balance sheet at the end of 2020 and earned $24bn in net profit last year.

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