China has ordered Alibaba to pay a record fine of 18.2 billion yuan ($2.8 billion) for behaving like a monopoly. Jack Ma is the founder of the Alibaba Group.
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China hits Alibaba with record $2.8 billion fine for behaving like a monopoly
China has ordered Alibaba to pay a record fine of 18.2 billion yuan ($2.8 billion) after antitrust regulators concluded that the online shopping giant had been behaving like a monopoly.
