Alibaba says it will invest to retain merchants and customers as it puts antitrust fine behind it

Source: South China Morning PostAlibaba Group Holding, the tech giant hit by a record fine from China’s antitrust regulator over the weekend, said on Monday that Beijing’s decision has no material negative impact on the company’s business and it has cleared up any regulatory uncertainties for its future development in a bid to assure investors and merchants.“We feel very comfortable that there’s nothing wrong with our business, the fundamental business model of a platform company … With this penalty decision, we received good…Read More

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