Friday, April 9, 2021

Alibaba fined $2.75bn on monopoly charge in China

The penalty, equivalent to around 4% of Alibaba's revenues in 2019, comes amid an unprecedented regulatory crackdown on the home-grown technology conglomerates in the last few months that have weighed on company shares.

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In a viral video, over 3,000 engineers were seen queuing outside a Pune-based company for a recent walk-in drive targeting junior developer ...