Chinese authorities fined Alibaba for violating antitrust laws … This is reported by Reuters.
These companies did not notify the government about 43 deals, which were concluded back in 2012. Each organization now has to pay a fine of 500,000 yuan (about $ 78,000).
Earlier, the PRC authorities fined Alibaba the largest amount in the history of the country – 18.22 billion yuan ($ 2.78 billion) for violation of antitrust laws. The investigation confirmed that Alibaba had a policy of forcing consumers to use their services “no choice”. According to the regulator, the company's actions negatively affected the competitive environment of the Chinese e-commerce market.