China says it is imposing a record $2.8B fine on Alibaba for monopolistic business practices; Alibaba says it will accept the penalty "sincerely" (Raymond Zhong/New York Times)

Raymond Zhong / New York Times:
China says it is imposing a record $2.8B fine on Alibaba for monopolistic business practices; Alibaba says it will accept the penalty “sincerely”  —  The penalty is Beijing's toughest action to date in its campaign to tighten supervision of the country's internet Goliaths.