Breaking News!! Xi Jinping declares war!!

[nightsafari]

on Alibaba/Jack Ma...

China slaps Alibaba with $2.8 billion fine in anti-monopoly probe
PUBLISHED FRI, APR 9 20219:53 PM EDTUPDATED FRI, APR 9 202111:34 PM EDT

Christine Wang@CHRISTIIINEEEE

• Chinese regulators hit Alibaba with a 18.23 billion yuan ($2.8 billion) fine in its anti-monopoly investigation of the tech giant, saying it abused its market dominance.
• The probe’s main focus was a practice that forces merchants to choose one of two platforms, rather than being able to work with both.
• The company said in a statement it accepted the penalty and will comply with the regulator’s determination.

The front of Alibaba’s Wangjing office in Beijing on Dec. 24, 2020.
Costfoto | Barcroft Media | Getty Images
Chinese regulators hit Alibaba with a 18.23 billion yuan ($2.8 billion) fine in its anti-monopoly investigation of the tech giant, saying it abused its market dominance.
Regulators opened a probe into the company’s monopolistic practices in December. The investigation’s main focus was a practice that forces merchants to choose one of two platforms, rather than being able to work with both.

In a Saturday statement, China’s State Administration for Market Regulation (SAMR) said this policy stifles competition in China’s online retail market and “infringes on the businesses of merchants on the platforms and the legitimate rights and interests of consumers,” according to a CNBC translation of a Chinese-language statement.

(rest of article here : https://www.cnbc.com/2021/04/09/china-fines-alibaba-in-anti-monopoly-probe.html)

 

[Devil Within]

CCP crooks always hungry for money. It's just an excuse for the CCP mafia families to grab and slice the pie under their "law".

 

[syed putra]

I think the war has started the moment china did the land reclamation in philipino territorial waters. Now they want another shoal even closer to palawan island.

 

[kaninabuchaojibye]

songboh
us $2.8m to ccp to finance it's war machine
handy money to modernise it's military
haaaa

 

[whoami]

songboh
us $2.8m to ccp to finance it's war machine
handy money to modernise it's military
haaaa

2.8 billion lah

 

[kaninabuchaojibye]

2.8 billion lah

solly
typo
haaaa

 

[whoami]

solly
typo
haaaa

2.8 million is banana. I mean peanuts

 

[syed putra]

VW paid US9.2 bil for dieselgate and its seems like it never happened,

 

[syed putra]

But i wouldn't worry as kamala Harris will ensure china is encircled from the coast, south snd even in africz. Anyone that looks chinese, will be eaten.

 

[Froggy]

But i wouldn't worry as kamala Harris will ensure china is encircled from the coast, south snd even in africz. Anyone that looks chinese, will be eaten.

Don't trust any shitskin

 

[worcer]

Hahahahaaha

China is nvr anti monopoly... So many thing practice monopoly in china like they push uber out also nvr say anything...

Jack ma die liao

 

[Scrooball (clone)]

Luckily I sold off my shares of Alibaba way before this!

 

[syed putra]

Luckily I sold off my shares of Alibaba way before this!

I think for a c9moany the size 9f slibaba, just as in VW case, this penalty is peanuts. They can easily recoup due to the hefty revenue.

 

[laksaboy]

Looks like the CCP regime is running out of money. Time to rob its 白手套.

Rob money never mind, some of the business people got killed.

 

[waitifcuk]

on Alibaba/Jack Ma...

China slaps Alibaba with $2.8 billion fine in anti-monopoly probe
PUBLISHED FRI, APR 9 20219:53 PM EDTUPDATED FRI, APR 9 202111:34 PM EDT

Night and Day Safari,
Wah lau eh,
your titstle so misleading.

 

[tiongsrshit]

all problem can trace to 1 source, Tiongs.

 

[eatshitndie]

how about hitting ownself with a $69 trillion fine for being a monopolizing totalitarian shithole regime?

 

[LordElrond]

This is purely commercial decision. The Chinese govt is acting in line with international law in carrying out anti-thrust punishment. I don’t see you pussies whining when the American or EU flexed it’s anti-trust muscles.

 

[syed putra]

that is because America is the world's economic engine, and China is not

This is very true. US have been distributing wealth world over .

 

[Scrooball (clone)]

I think for a c9moany the size 9f slibaba, just as in VW case, this penalty is peanuts. They can easily recoup due to the hefty revenue.

U damn m&d kind of thinking. Lol

The penalty is nothing significant for a company like Alibaba. It’s the meaning behind the penalty that matters. This fine is to tell Alibaba to behave and don’t assume they are untouchable. Any point of time, they criticize the govt, they will get fucked.

And things are going to get a lot worse once the Chinese crypto currency is introduced. Alipay is going to be hit real hard.