Source: Tech – South China Morning PostAlibaba Group Holding is speeding up its transformation from an online shopping site into a tech platform underpinned by both consumer and industrial internet businesses after paying a record fine of 18.2 billion yuan (US$2.82 billion) earlier this year to China’s antitrust authority, according to company executives and industry analysts.Alibaba, owner of the South China Morning Post, is embracing both consumer and industrial internet businesses and venturing into new growth areas, said Daniel…Read More