Why Was Alibaba Fined $2.8B?
Alibaba was fined $2.8B because of choose one of two, making it one of the largest fines ever for a tech company. This video discusses why BABA was fined, what this means for the company, and the implications on Alibaba’s stock. Although this may lower the overall overhang on the stock, there is still uncertainty regarding Alibaba's e-commerce positioning without choose one of two.
Sources:
BABA Investor Relations
Alizila
SAMR
Yahoo Finance
Anivestor