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Alibaba fined $2.8Bn USD for forcing platform exclusivity

4 pointsby sgplabout 4 years ago

1 comment

sgplabout 4 years ago
What I found really interesting was the translation:<p>&gt; <i>&quot;Alibaba just responded to the punishment: we sincerely accept it and obey it firmly. And the company will further enhance its compliance system.&quot;</i><p>Really interesting take that a literal giant just accepted this as the best outcome and complied vs. I guess what we&#x27;ve come to expect in the West (even in India) - lawyering up and appeals upon appeals. I think someone also mentioned that this was approx. 4% of their domestic revenues (2019).