Alibaba, the largest e-commerce company in China and the biggest blockchain patent holder was fined $2.8 billion for anti-trust activities by the Chinese government. The fine was imposed after the market monopoly investigation which indicated that Alibaba was punishing retailers for selling the same goods on other platforms.
Alibaba is believed to be one of the most rebellious and outspoken in the country, one of the key reasons behind its recent fallout with the Chinese government. Jack Maa, the founder of the company suspiciously disappeared from the public eye for months right after criticizing the government for its policies.
The e-commerce giant has also shown great interest in digital assets and recently pledged a 4.9% stake in a car company that promised crypto mining while driving. Alibaba is also part of the government’s digital yuan distribution plan offering their payment technology, but with the recent fallout that might come under scrutiny.
Previously, the auto brand th
