The group is accused of requesting exclusive sales on its platform.
Chinese state media reported on Saturday that the Chinese government imposed a fine of 18.2 billion yuan (2.33 billion euros) on online trading giant Alibaba for abusing its market dominance.
The fine came after an investigation against Alibaba started in December.
The group is accused of asking merchants to monopolize, and they want to bypass competitors’ online shopping sites to sell their products on the platform.
The amount was determined after the regulator decided to impose a fine on 4% of the group’s revenue in 2019.
Alibaba and other major Chinese technology companies are facing pressure from the authorities about their growing influence in the country. Consumers use these platforms on these platforms to communicate, shop, pay bills, book taxis, borrow money, and A series of other daily tasks.
Since October, Alibaba in particular has been under scrutiny. At the time, co-founder Jack Ma accused Chinese regulators of being outdated because they expressed concern about the expansion of Alibaba’s financial arm, Ant Group, which focuses on loans, wealth management and insurance.