Alibaba's $3.7b fine not just about market regulation

BEIJING – Internet giant Alibaba’s record 18.2 billion yuan (S$3.7 billion) fine for market dominance, restricting competition and stifling innovation may just be the start of tighter regulations on Chinese tech giants.

While many have linked the firm’s misfortunes to founder Jack Ma’s comments against the establishment last year, recent moves against Alibaba are likely part of tougher enforcement to limit the massive influence of tech giants in society.

Please subscribe or log in to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.

Join ST’s Telegram channel here and get the latest breaking news delivered to you.

Source: Read Full Article