HONG KONG -- Chinese e-commerce leader Alibaba Group Holding, hit recently with a record $2.81 billion antimonopoly fine, is due to present Beijing with a comprehensive plan by Friday to rectify market practices regulators have deemed unfair.
Big Tech takes nudge to focus on business services for growth
Alibaba was slapped with a record $2.8 billion antitrust fine by Chinese regulators in April. © Reuters
HONG KONG -- Chinese e-commerce leader Alibaba Group Holding, hit recently with a record $2.81 billion antimonopoly fine, is due to present Beijing with a comprehensive plan by Friday to rectify market practices regulators have deemed unfair.