Alibaba Hit by Huge Fines, But It Could Have Been Much Worse
April 14, 2021 at 09:10 AM EDT
The e-commerce juggernaut Alibaba has been under intense regulatory scrutiny in recent months, drawing the ire of the Chinese government. However, the company recently said it’s paying $2.8 billion in penalties to settle disputes with its home government. That sounds rough, but it’s a...