China denied plans to fine Alibaba $ 1bn in monopoly case

China denied plans to fine Alibaba $ 1bn in monopoly caseChina denied plans to fine Alibaba $ 1bn in monopoly case
China denied plans to fine Alibaba $ 1bn in the monopoly case

The Chinese market regulator has denied a Wall Street Journal report stating that it was planning to impose a record fine of about $ 1 billion on Jack Ma's Alibaba for suspected competitive behavior. "If it's not on our website], it's [not true]," the state administration for market regulation said. China launched an anti-monopoly investigation on Alibaba in December 2020.

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