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Alibaba Hit With Record $2.8 Billion Antitrust Fine in China

WSJ Original article ›
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China's regulatory authority places a fine of $2.8 billion on Alibaba for anti-competitive practices. This is about 4% of sales. The law limits fines to 10% of sales. Qualcomm paid a fine of $975 million equal to 8% of sales in 2015.



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