Alibaba Fined $2.8 Billion: Beijing Antitrust Regulators Levy Record Fine Against Tech Monopoly
Chinese antitrust regulators have announced they will levy a $2.8 billion fine against Alibaba Group, the technology conglomerate encompassing Alibaba.com, Alibaba Cloud, AliExpress, AliOS, Alipay, AliGenie, Taobao, Tmall, and Daraz. Alex discusses the record fine against Alibaba, How Jack Ma’s comments at the Bund Summit in Shanghai may have put the tech monopoly in the crosshairs of regulators, and the fast-paced platform innovation coming out of China despite overbearing government control.
This is an excerpt from episode 153 of Winner Take All. Watch the full episode here: youtu.be/HmKwrlS5hh0
Originally Aired: 04/21/21
#Regulation #Alibaba #JackMa
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