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Record penalty for Ma's Alibaba marks tumultuous stretch for its founder

Record penalty for Ma's Alibaba marks tumultuous stretch for its founder

April 11, 2021

BEIJING (Reuters) - Once seemingly untouchable, Alibaba founder Jack Ma has endured a tumultuous run that saw his Chinese e-commerce giant hit with a record 18 billion yuan ($2.75 billion) antitrust fine on Saturday, resolving one key uncertainty even as others persist for himself and his business empire.