News Snapshot:
Alibaba Group Has Received the Administrative Penalty Decision Issued by the State Administration for Market Regulation of the People’s Republic of China HANGZHOU, China–(BUSINESS WIRE)–Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988, “Alibaba” or “Alibaba Group”) today announced that it has received the Administrative Penalty Decision issued by the State Administration for Market Regulation of the People’s Republic of China. Alibaba accepts the penalty with sincerity and will ensure its compliance with determination. To serve its responsibility to society, Alibaba will operate in accordance with the law with utmost diligence, continue to strengthen its compliance systems and build on...
