Tag Archives: Monopoly

China Slaps Online Retailer Alibaba With Record Breaking $2.8 Billion Fine

China Slaps Online Retailer Alibaba With Record Breaking $2.8 Billion Fine

Chinese regulators slapped online retailer Alibaba with an 18.2 billion yuan ($2.8 billion) fine for behaving like a monopoly.  An antitrust investigation was launched in December into Alibaba’s “exclusive dealing agreements.” The agreements kept merchants from selling products on other e-commerce platforms, a practice known as “choosing one from two,” according to …

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