It has ordered the firm to make “thorough rectifications” to correct its internal processes and protect consumers.
Alibaba said it would accept the penalty and “ensure its compliance with determination.”
The fine continues the global trend of increased scrutiny over the business practises of big tech, with governments increasingly concerned about the power such firms wield.
A month after Ma’s criticisms were revealed, the long-awaited IPO of Ant Group, Alibaba’s internet finance arm, was suddenly pulled.
The highly-anticipated float had been expected to raise $37bn.
Китай оштрафовал Alibaba почти на $3 млрд
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Скандальные высказывания принца Филиппа - топ-10
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Chine : Alibaba écope d'une amende à plus de 2 milliards d'euros pour pratiques monopolistiques
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