China's SAMR Hits Alibaba with RMB3.5 Bln Antitrust Fine
Alibaba Group faces a RMB3.52 billion fine from China’s market regulator for antitrust violations, including confiscation of illegal gains and deposit refunds, totaling penalties equal to 7.5% of its 2025 China sales.
China's State Administration for Market Regulation (SAMR) imposed an administrative penalty on Alibaba Group for violating anti-monopoly laws. The penalty includes confiscation of RMB1.658 billion in illegal gains, a refund order of RMB122 million in deposits, and a fine of RMB3.521 billion, according to a statement posted on social media Friday.
The total financial impact amounts to RMB5.301 billion, which represents 7.5% of the company's projected 2025 sales in China. This action underscores Beijing's ongoing scrutiny of tech giants' market practices.
Source: First Squawk