1. Articles from kshalvey@businessinsider.com (Kevin Shalvey)

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    1. Alibaba Group Hit with Record $2.8 Billion Fine Amid Increased Government Scrutiny of Billionaire Jack Ma's Tech Empire

      Alibaba Group Hit with Record $2.8 Billion Fine Amid Increased Government Scrutiny of Billionaire Jack Ma's Tech Empire
      • Alibaba Group has been hit with a record $2.8 billion fine in China.
      • Billionaire founder Jack Ma's tech empire has come under increased scrutiny from regulators.
      • "Alibaba accepts the penalty with sincerity," the company said in a statement.
      • See more stories on Insider's business page.

      China on Saturday fined Jack Ma's Alibaba Group a record $2.8 billion for abusing its leading market position...

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