Alibaba’s massive fine is only the start of Beijing's plan to reverse monopolistic positions taken by China's tech giants, say analysts. — AP
A record fine, public penitence from a tech giant and a ‘who’s who’ of digital firms warned to “rectify” their ambitions within a month – state regulators are showing no one is bigger than Beijing in Xi Jinping’s China.
E-commerce titan Alibaba absorbed the massive US$2.78 bil (RM11.47bil) penalty from China's market watchdog last Saturday, after a months-long investigation found it had been abusing its dominant market position.
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