Chinese regulators have fined Alibaba Group, the world’s biggest e-commerce company, 18.3 billion yuan ($3.7 billion) for anti-competitive tactics.
- The company said it “accepts the penalty with sincerity”
- China’s Communist Party is making anti-monopoly enforcement, especially in tech, a priority this year
- Founder Jack Ma disappeared temporarily from public view earlier this year after criticising regulators
The State Administration for Market Regulation on Saturday announced Alibaba was…