ALIBABA fined $2.8B , accepts fine   

April 12 (Lagos) - Alibaba, China's largest e-commerce platform said it accepted the $2.8 billion fine and has received guidance on matters of anti-monopoly law. 

CEO said  on investor call today "We're happy to get the matter behind us, but the tendency is that regulators will be keen to to look at some of the areas where you might have unfair competition," 

Shares are up 8% in Hong Kong today. There is uncertainty over other e-commerce platforms in China as the regulators get more interested in them. 

reporting for on Monday, April 12 2021 from Lagos, Nigeria
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