Alibaba thanks China for making it pay nearly $3bn fine
For Alibaba, the $2.8bn fine was less severe than many feared and helps lift a cloud of uncertainty hanging over founder Jack Ma’s internet empire
12 April 2021 - 14:27
Hong Kong — After China imposed a record antitrust fine on Alibaba, the e-commerce giant did an unusual thing: it thanked regulators.
“Alibaba would not have achieved our growth without sound government regulation and service, and the critical oversight, tolerance and support from all of our constituencies have been crucial to our development,” the company said in an open letter. “For this, we are full of gratitude and respect.”..
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