{"id":185339,"date":"2021-04-11T07:52:54","date_gmt":"2021-04-11T02:52:54","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=185339"},"modified":"2021-04-11T07:52:54","modified_gmt":"2021-04-11T02:52:54","slug":"china-hits-alibaba-with-record-2-78bn-fine-for-market-abuses-2","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/china-hits-alibaba-with-record-2-78bn-fine-for-market-abuses-2\/","title":{"rendered":"China hits Alibaba with record $2.78bn fine for market abuses"},"content":{"rendered":"<p>Shanghai: Chinese regulators hit e-commerce giant Alibaba with a record 18.2 billion yuan ($2.78 billion) fine on Saturday over practices deemed to be an abuse of the company\u00b4s dominant market position \u2013 Geo News reported on Saturday. Alibaba, the Jack Ma-founded Chinese e-commerce leader and one of the world\u00b4s most valuable companies, said it accepted the penalty and pledged to outline plans on Monday for bringing its operations in compliance. According to Geo News, The fine appeared to cap a government crackdown on major Chinese tech platforms, and Alibaba in particular, over allegations of anti-competitive behaviour and misuse of consumer data. Online<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shanghai: Chinese regulators hit e-commerce giant Alibaba with a record 18.2 billion yuan ($2.78 billion) fine on Saturday over practices deemed to be an abuse of the company\u00b4s dominant market position \u2013 Geo News reported on Saturday. Alibaba, the Jack Ma-founded Chinese e-commerce leader and one of the world\u00b4s most valuable companies, said it accepted [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-185339","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>China hits Alibaba with record $2.78bn fine for market abuses<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/china-hits-alibaba-with-record-2-78bn-fine-for-market-abuses-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China hits Alibaba with record $2.78bn fine for market abuses\" \/>\n<meta property=\"og:description\" content=\"Shanghai: Chinese regulators hit e-commerce giant Alibaba with a record 18.2 billion yuan ($2.78 billion) fine on Saturday over practices deemed to be an abuse of the company\u00b4s dominant market position \u2013 Geo News reported on Saturday. 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