The Chinese government to impose heavy fines on Alibaba
Kathmandu, March 12
Alibaba Group Holding Limited is a Chinese multinational technology company. The company is very popural in China as well as in the globe. The company is also known as Alibaba group or as Alibaba.com.
The government of China is set to impose heavyfine on e-commerce company Alibaba for violating a monopoly. This is the largest fine ever imposed on any company in China. Alibaba has been under investigation by Chinese authorities for months. The company is very popular in the Chinese and in international market for purchasing and transporting goods.
Last year October, Alibaba founder Jack Ma criticized the activities of Chinese regulators. Since then, he and his business have become the target of government agencies. Chinese authorities then started an investigation into Alibaba’s business activities.
Earlier in 2015, US chip maker Qualcomm had paid a fine of 975 million dollar. Qualcomm has been accused of obstructing competition in China.