What:  The largest fine in Chinese history of market regulation

Why it is important:   With these fine, Chinese regulators allow Alibaba to exit the crisis and save the face at the same time, which will allow public opinion to focus on the person of Jack Ma himself instead. It is also a signal that the Chinese government is ready to sanction even the largest and most successful companies if they start taking too much space.

Alibaba has been fined 4% of its total 2019 revenue for having abused its dominant position to force its suppliers to use its own technologies and platforms. This is the largest penalties ever issued in China.

Alibaba Fined $2.78 Billion for Monopolistic Behaviors in China