Business
Is Alibaba’s fate a warning to China’s tech giants? – BBC News
Alibaba’s run-in with Chinese regulators has made things tense for its other technology giants.
By Karishma VaswaniAsia business correspondent
image copyrightGetty Images
image captionAn investigation into Alibaba found it had restricted merchants from doing business on rival platforms
It’s been a tough week for Chinese tech firms.
Over the weekend, Chinese billionaire Jack Ma’s e-commerce giant Alibaba was fined $2.8bn (£2bn) by Chinese regulators, who said it had abused its market position for years.
Then on Monday, Chinese digital payments firm Ant Group – an affiliate of Alibaba – announced…
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