Alibaba Cloud
China hits Alibaba with record $2.78bn fine for market abuses
Chinese regulators hit e-commerce giant Alibaba with a record 18.2 billion yuan ($2.78 billion) fine on Saturday over practices deemed to be an abuse of the company's dominant market position.
China's Alibaba to take $4.6 bn stake in retailer Suning
Chinese Internet giant Alibaba is to pay 28.3 billion yuan ($4.6 billion) for a near-20 percent stake in consumer electronics retailer Suning, the two companies said in a statement August 10.