China has ordered Alibaba to pay a record fine of 18.2 billion yuan ($2.8 billion) after antitrust regulators concluded that the online shopping giant had been behaving like a monopoly.
Which seems like some of the biggest fines in history are about 10x that. Still tho, you’ll hear about banks getting fined 100M USD which is basically a slap on the wrist. So 3B is probably pretty substantial.
I found this: https://www.managementtoday.co.uk/biggest-corporate-fines-history-changed-business/reputation-matters/article/1585541
Which seems like some of the biggest fines in history are about 10x that. Still tho, you’ll hear about banks getting fined 100M USD which is basically a slap on the wrist. So 3B is probably pretty substantial.