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China's antitrust regulators consider levying record fine against Alibaba: WSJ

China's antitrust regulators consider levying record fine against Alibaba: WSJ

FILE PHOTO: The logo of Alibaba Group is seen at its office in Beijing, China January 5, 2021. REUTERS/Thomas Peter

BEIJING: China's antitrust regulators are mulling levying a record fine against Alibaba Group Holding Ltd over its anticompetitive behavior, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

The fine could surpass US$975 million that Qualcomm had paid in 2015 over anticompetitive practices, the report said. The regulators are also considering whether the Chinese e-commerce giant should divest some assets unrelated to its main online-retailing business.

Alibaba did not immediately respond to a Reuters request for comment.

Source: Reuters

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