back to article China whacks Alibaba with US$2.8bn fine for breaking antitrust rules

Alibaba has humbly accepted that it broke China's antitrust laws and will pay a colossal fine. Chinese authorities fined Alibaba Group US$2.77bn on Saturday, the largest antitrust penalty Beijing has ever issued. The fine represents four percent of Alibaba's most recent full-year earnings. China’s State Administration for …

  1. IGotOut Silver badge

    Yet in the West.

    We shrug our shoulders and vat it down the road for another day.

    1. Pascal Monett Silver badge

      Re: Yet in the West.

      Yes, curious isn't it ? For all the corruption that is alledgedly taking place in China, you have to admit that they don't waste time taking care of businesses that are not playing by the rules.

      We could learn a thing or two there.

      1. AndersH

        Re: Yet in the West.

        I guess it depends what you want to learn here. If the learning is, "if you criticise the government we'll use regulators to go after you", then I'd say no thanks.

        1. Yet Another Anonymous coward Silver badge

          Re: Yet in the West.

          Much better to say "if you criticise the government we'll use armed mobs of whackos to go after you"

        2. teknopaul

          Re: Yet in the West.

          They were fined for anticompetative actions. If you believe in the free market this is exactly what you want from your government.

  2. Jeff LeCoat
    Black Helicopters

    What to believe?

    Does anyone with a good understanding of China know if this ruling is genuine? It reads exactly like an article that would have come from, say, an FTC ruling. The cynical part of me feels that the CCP already have less visible controls over their companies and that this may be more for show than action?

    1. wolfetone Silver badge

      Re: What to believe?

      I think it is genuine.

      Jack Ma has been too critical of the government of late, and when you look for him on the internet you'll see that the authorities have come down like a tonne of bricks on him and his businesses.

      So it's less of a warning to other companies over how much money they make or how they compete in the market, and more of a threat to the chairman of those companies to think about what they say about their beloved Winnie The Pooh leader - and even then say nothing.

    2. Anonymous Coward
      Anonymous Coward

      Re: What to believe?

      the CCP already have less visible controls over their companies

      They are utterly pragmatic people, so I guess not everything is done by silent men in trench coats and sunglasses...

    3. Anonymous Coward

      Re: What to believe?

      The CCP is bad, very bad, in so many ways, but not so much as far as the economy.

      They are not the USSR with a centrally planned economy. In fact they are the second fastest growing trillion dollar economy in the world after India. They have encouraged capitalism. Beijing has more billionaires than any other city in the world. But, unlike the current West, they are willing to effectively regulate companies beyond just fines, including forcing divestitures, stopping mergers, and stopping IPOs.

      I have no doubt that politics played a role in the size of the fine but I also have no doubt that the same is true in the West.

  3. Anonymous Coward
    Anonymous Coward also might have something to do with Jack Ma pissing off the regulator and the CCP. Just maybe....

    1. Yet Another Anonymous coward Silver badge

      Couldn't he just contribute to Xi's re-election fund and then the next party meeting would have a bunch of Aliexpress products on the president's desk ?

  4. Wolfclaw

    Yeh right, what this is money from a so called private company being payed back to the party coffers !

    1. Yet Another Anonymous coward Silver badge

      Corporations bail out government = communism

      Government bail out corporations = capitalism

  5. cantankerous swineherd

    this is nothing to do with "being critical of the government" but the fact that Ma was trying to wrestle the ability to give credit ("printing money" for the goldbugs amongst us) away from the state.

    unregulated credit (a policy introduced in the early 70s in the UK) is responsible, amongst other things, for insane house price inflation as the banksters are only too happy to have indebted people chained to their benches for fear of losing their houses.

    1. very angry man

      fear of losing their houses

      I wish i could give you more up votes.

      the only comantard with the guts to speak the truth, even a manfrom mars is still hiding under his rock.

  6. Anonymous Coward
    Anonymous Coward

    Ironic eh

    Can't get my head around the concept of a one party dictatorial state that controls every aspect of citizen's life complaining about abuse of a monopolistic position.....

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