Global

Despite fines, Chinese officials are restless due to the influence of Alibaba

Chinese authorities are restless due to the growing influence of the e-commerce company in the media, despite a massive $ 280 million (about Rs 21,000 crore) fine imposed on Alibaba Group by Chinese regulators. According to Nikki Asia, Alibaba is best known for its online shopping platforms Taobao and Tamale. But the Hangzhou-based company has also built its own media empire.

These include newspapers, digital and broadcast media, Internet networking platforms, video streaming sites, film production companies and advertising agencies. In December last year, Alibaba Group’s business news site Huxiu warned that action against Internet companies would hurt competition in China’s economy. However, this article was removed shortly after.

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