China's Alibaba shrugs off $2.75b antitrust fine, shares rally

China's Alibaba shrugs off $2.75b antitrust fine, shares rally

Photographer: Qilai Shen/Bloomberg

Alibaba Group Holding Ltd does not expect any material impact from the antitrust crackdown in China that will push it to overhaul how it deals with merchants, its CEO said on Monday, after regulators fined the e-commerce giant $2.75 billion for abusing market dominance.