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Alibaba has agreed to a record $2.8 billion penalty from Beijing and vowed to change certain practices deemed anti-competitive, including a requirement that merchant sell exclusively on its platforms or not at all. Executives also thanked regulators and pledged to support merchants all in a bid to put the regulator troubles behind it. On Monday, Alibaba held its annual staff and family event at its sprawling Hangzhou campus, where kids played in ball pits and drew doodles while the company’s animal mascots posed for photos with employees in cosplay outfits. Chief Executive Officer Daniel Zhang hosted a wedding ceremony for dozens of young couples, according to a corporate video. “No matter when you have good times or challenges, let’s have passion and love, and make our lives and work better,” he told them. Ma was spotted in a blue t-shirt at the festivities, according to photos online, making a rare appearance following a period of enforced hibernation during the worst

Hong kongDaniel zhangWarburg pincusFrancis chanJoseph tsaiAnt group coFidelity investmentsInvestment officeShanghai consumers councilIntime retail group coPinduoduo incSouth china morning postSun art retail group ltdAdministration for market regulationTencent holdings ltdExecutive officer daniel zhang