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Mark Schiefelbein/AP Photo Billionaire founder Jack Ma s tech empire has come under increased scrutiny from regulators. Alibaba accepts the penalty with sincerity, the company said in a statement. China on Saturday fined Jack Ma s Alibaba Group a record $2.8 billion for abusing its leading market position. Alibaba Group said in a statement that the penalty came from the State Administration for Market Regulation, which had been investigating it since December.  The fine was yet another sign that Chinese regulators have taken a more critical stance towards the tech empire built by Ma, one of the country s wealthiest moguls. Speaking at a conference last fall, Ma made negative comments about international financial regulations. Chinese President Xi Jinping then reportedly halted a planned $37 billion initial public offering by Ant Group, another Ma company. 

Jack maAnt groupJack ma alibaba groupAdministration for market regulationAli baba groupState administrationMarket regulationPresident xi jinpingFinancial timesXinhua newsபலா மாஎறும்பு குழுபலா மா அலிபாபா குழுஅலி பாபா குழுசந்தை ஒழுங்குமுறைநிதி முறை