China’s antitrust regulators are considering levying a record fine on Alibaba Group Holding Ltd over suspected anticompetitive behavior, according to the Wall Street Journal, Report informs referring to Reuters.
In late December, China’s State Administration for Market Regulation announced it launched an antitrust probe into Alibaba.
The fine could surpass the $975 million that Qualcomm paid in 2015 over anticompetitive practices, the report said. The regulators are also considering whether the Chinese e-commerce giant should divest some assets unrelated to its main online-retailing business.
The company has come under fire in the past from rivals and sellers for allegedly forbidding its merchants from listing on other e-commerce platforms, a practice known as “two-choose-one.”