© Reuters. Alibaba’s 11.11 Singles’ Day global shopping festivalSHANGHAI (Reuters) – Alibaba (NYSE:) Group will introduce measures to lower entry barriers and business costs faced by merchants on e-commerce platforms, CEO Daniel Zhang said on Monday, after an antitrust probe found the firm had abused its dominant market position.
China, on Saturday, imposed a record 18 billion yuan ($2.75 billion) fine on Alibaba amid a crackdown on technology conglomerates.
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