ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
China tech

Alibaba antitrust fine shows Beijing views tech giant as threat

Xi seeks to strengthen his grip ahead of 2022 Communist Party congress

Chinese authorities are clamping down on the Alibaba empire led by Jack Ma.   © Reuters

SHANGHAI/BEIJING -- The $2.8 billion fine imposed on Alibaba for violating antitrust laws underscores Chinese President Xi Jinping's intention to tighten control of rapidly growing internet businesses and solidify his standing ahead of an important Communist Party congress next year.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more