ALIBABA EXPECTS NO MATERIAL IMPACT AFTER BEING FINED $2.75 BILLION

Highlights –

• Alibaba expects no material impact after being fined $2.75 billion.
• Alibaba was fined by China’s antitrust regulator for abusing market dominance.
• Alibaba Group Holdings Ltd shares rose as much as 9% in Hong Kong trade.
• Alibaba Group is said to make necessary rectifications sought by regulators.
• The company on Monday added $48.5 billion to i....
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  Tags : CHINA E- COMMERCE GIANT, ALIBABA GROUP, CHINA ANTITRUST REGULATOR, ALIBABA GROUP HOLDINGS LTD., HONG KONG TRADE, JACK MA,

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