(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. 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)