The largest online retailer Alibaba receivedthe largest fine in the company's history of $ 2.8 billion. As it turned out after an investigation began in December, the company violated Chinese antitrust laws.
What is the violation?
According to the results of the investigation, Chinese authoritiesfound that Alibaba uses advertising algorithms and other software to prevent other companies from listing and selling their products on other platforms. According to the Chinese anti-monopoly authority, their competition policy took advantage of “impermissible competitive advantages”.
Alibaba management itself says:"We will continue to focus on customer care, and we will continue to develop measures to reduce the barriers to entry and the cost of maintaining stores on our site."