Chinese government fines Alibaba $3.7 billion for anti-competitive behaviour

Chinese regulators have fined Alibaba Group, the world’s biggest e-commerce company, 18.3 billion yuan ($3.7 billion) for anti-competitive tactics.

The State Administration for Market Regulation on Saturday announced Alibaba was fined for “abusing its dominant position” to limit competition by retailers that use its platforms and hindering “free circulation” of goods.

It said the fine was equal to 4 per cent of Alibaba’s total 2019 revenue.