CHINESE REGULATOR MAKES ALIBABA GROUP PAY $2.8 BILLION AS FINE

Highlights –

• Chinese regulator makes Alibaba Group pay $2.8 billion as fine.
• Alibaba Group has been fined for anti-competitive tactics.
• Alibaba accepted the penalty and has said to comply the same with determination.
• Tencent Holdings were also fined 500,000 ($77,000).

Chinese regulators on Saturday fined the world's biggest e-commerce company Alibab....