News Snapshot:
(updated 12:29 GMT 12.03.2021) Get short URL MOSCOW (Sputnik) – China plans to impose new restrictions on tech giant Alibaba, including levying a record fine and forcing it to withdraw investments from businesses unrelated to e-commerce, to correct what government considers to be anticompetitive practices, the Wall Street Journal reported, citing people familiar with the matter. The company often referred to as China’s version of Amazon has been in Beijing’s cross-hairs since the crackdown on its founder, Jack Ma, last year. Regulators have already put tough restrictions on the company’s financial affiliate Ant Group Co. over alleged risks to the...
