China’s antitrust regulators weigh levying record fine on Alibaba

The fine could surpass the $975 million that Qualcomm paid in 2015 over anticompetitive practices, the report said. The regulators are also considering whether the Chinese e-commerce giant should divest some assets unrelated to its main online-retailing business.Alibaba declined to respond to a Reuters request for comment.

Founder Jack Ma’s business empire has been put under intense scrut…

Read more