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Alibaba Fined $1.6 Billion in Landmark Antitrust Case
News & Politics

Alibaba Fined $1.6 Billion in Landmark Antitrust Case

In the ever-evolving landscape of e-commerce, a recent court ruling has stirred up a storm, as Beijing's High Court found tech giant Alibaba guilty of engaging in anti-competitive "choose one from two" practices, commonly known as "2选1." The verdict, which ordered Alibaba to pay a hefty sum of 10 billion yuan to rival platform JD.com, has sent shockwaves through the industry.