Chinese market's regulator denied it was planning to fine Alibaba almost $1 billion for anti-competitive behaviour China denies plan for $1 billion Alibaba fine, but tech firms take a blow | Photo Credit: ANI China denied on Friday it was planning to hit e-commerce giant Alibaba with a record fine of almost $1 billion for allegedly flouting monopoly rules, as authorities turned up the pressure on the country's vast technology sector. Alibaba, China's largest online shopping portal, has been in the crosshairs of authorities in recent months over concerns of its reach into the daily finances of ordinary Chinese people. The market's regulator denied it was planning to fine the company almost $1 billion for anti-competitive behaviour, as reported by the Wall Street Journal, who cited unnamed sources "familiar" with the matter.