Too big for China's liking

Too big for China's liking

China hit Alibaba with a $2.75 billion fine in antitrust case.

  • China slapped a record $2.75 billion antitrust fine on #Alibaba Group Holding Ltd, after regulators determined the e-commerce giant had abused its dominant market position for several years.
  • Amid a weekend pump carrying multiple cryptocurrencies higher, Ripple’s #XRP looks to be leading the way with a push as high as 30%.
  • With last week’s proposal for a global minimum corporate tax rate, Washington has turned away from years of economic orthodoxy that stretched back to the early 1980s and prioritized a neoliberal world vision.

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