Regulators imposed a 2.8 billion dollar fine on tech giant Alibaba, which is only 4% of its 2019 revenue, after determining that he had been abusing the markets position for years. The main issue was that Alibaba restricted merchants from doing business or running promotions on rival platforms. The company however, says that they had no idea of any anti-monopoly investigations. But not Alibaba and his company are going to remain under review. The company said that it would introduce measures to lower entry barriers and business costs faced by merchants on e-commerce platforms.
Valeria Ramirez
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