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Why Is Alibaba ‘Full of Gratitude’ for Record $2.8 Billion Fine Imposed by Beijing?

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Why Is Alibaba ‘Full of Gratitude’ for Record $2.8 Billion Fine Imposed by Beijing?
The logo for Alibaba Group is seen at the company's headquarters in Hangzhou in eastern China's Zhejiang Province on Dec. 24, 2020. Chinatopix via AP
Alexander Liao
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China’s Alibaba Group found itself under the spotlight following a record antitrust fine slapped on the tech giant, yet it openly expressed its gratitude to the Chinese regime.
Alexander Liao
Alexander Liao
Author
With nearly four decades of journalism experience in Hong Kong, London, and the United States, Alexander Liao is an expert on China and world affairs. He currently hosts the Chinese-language Pinnacle View news analysis program on NTD, also available on YouTube and Ganjing World. Before joining The Epoch Times, he was a Hong Kong Bureau Chief for international media, an editor of various magazines, newspapers, and radio stations, and a columnist for top financial and current affairs newspapers in Hong Kong and Taiwan.
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