China's antitrust regulators consider levying record fine against Alibaba - WSJ

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FILE PHOTO: The logo of Alibaba Group is seen at its office in Beijing

(Reuters) - China's antitrust regulators are mulling levying a record fine against Alibaba Group Holding Ltd over its anticompetitive behavior, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

The fine could surpass $975 million that Qualcomm had paid in 2015 over anticompetitive practices, the report said https://www.wsj.com/articles/china-regulators-plan-to-tame-tech-giant-alibaba-jack-ma-11615475344?mod=latest_headlines. The regulators are also considering whether the Chinese e-commerce giant should divest some assets unrelated to its main online-retailing business.

Alibaba did not immediately respond to a Reuters request for comment.

(Reporting by Akanksha Rana in Bengaluru; Editing by Vinay Dwivedi)