Alibaba shrugs off $2.75 billion antitrust fine, shares rally

Alibaba shrugs off $2.75 billion antitrust fine, shares rally

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Alibaba does not expect any material impact from the antitrust crackdown in China that will push it to overhaul how it deals with merchants, its CEO said on Monday, after regulators fined the e-commerce giant $2.75 billion for abusing market dominance.

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