China's big tech 'rectification' continues after Alibaba record fine
Beijing (AFP) April 14, 2021
A record fine, public penitence from a tech giant and a 'who's who' of digital firms warned to "rectify" their ambitions within a month - state regulators are showing no one is bigger than Beijing in Xi Jinping's China. E-commerce titan Alibaba absorbed the massive $2.78 billion penalty from China's market watchdog last Saturday, after a months-long investigation found it had been abusing
