Fine on Alibaba serves to strengthen anti-monopoly awareness
Chinese authorities imposed an 18.23 billion yuan ($2.78 billion) fine on e-commerce mammoth, Alibaba, for its violation of the anti-monopoly law. I’ve read the State Administration for Market Regulation (SAMR)’s administrative punishment written decision and SAMR’s administrative guidelines. The documents include many details and have a strong legal reference. I believe this punishment is a milestone for the entire economic community to establish and strengthen anti-monopoly awareness for complying with relevant laws.