Alibaba 'rectification' marks slowdown of China's internet economy

Big Tech takes nudge to focus on business services for growth

20210428N alibaba (REUTERS)

Alibaba was slapped with a record $2.8 billion antitrust fine by Chinese regulators in April. © Reuters

NIKKI SUN, Nikkei staff writer

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.

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