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Provided by Dow Jones By Keith Zhai China s antitrust regulator imposed a fine equivalent to $2.8 billion against Alibaba Group Holding Ltd. for abusing its dominant position over rivals and merchants on its e-commerce platforms, a record penalty in the country that comes amid a wave of scrutiny on the business empire of Alibaba founder Jack Ma. China s State Administration for Market Regulation said Saturday in Beijing that Alibaba punished certain merchants who sold goods both on Alibaba and on rival platforms, a practice that it dubbed er xuan yi literally, choose one out of two. As part of the penalty, regulators will require that Alibaba carry out a comprehensive revamp of its operations and submit a self-examination compliance report within the next three years, they said. The 18.2 billion yuan fine is equivalent to 4% of the company s domestic annual sales, the regulator added. Under Chinese rules, antitrust fines are capped at 1

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