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China Anti-Monopoly Law Spurs Fines Against Alibaba, JD.com, Others

China Anti-Monopoly Law Spurs Fines Against Alibaba, JD.com, Others

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Several Chinese companies, including Alibaba, Baidu and JD.com will have $78,000 in fines levied against them stemming from 43 acquisitions that were said to breach the country’s anti-monopoly regulations, according to a Reuters report. The transactions, which were all said to be unreported, date as far back as 2012, according to the report.

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