Alibaba receives huge antitrust fine from Chinese government. Also required to divest its media acquisitions. Government not allowing corporations to get too powerful and start pulling the strings.

submitted by Chipit from chinabystander.wordpress.com

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[–]Akali 8 insightful - 5 fun8 insightful - 4 fun9 insightful - 5 fun -  (3 children)

Doesn't sound like a bad idea if you ask me.

[–][deleted] 1 insightful - 5 fun1 insightful - 4 fun2 insightful - 5 fun -  (1 child)

Yeah, but they're obviously not doing it because they believe monopolies are bad, just because they want to enforce a government monopoly.

[–]Canbot 6 insightful - 3 fun6 insightful - 2 fun7 insightful - 3 fun -  (0 children)

We used to do that before the corporations took control of government. Now we have 7 companies that make up 50% of the s&P market cap and the government is refusing to break them up. This is what fascism literally is.

[–]Reed_Solomon 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Sun Tzu would be proud.

[–]ballooon 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Winnie ain't playing no games.

[–]rakwar 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

goes to show you that China has some things right ...though their motives are suspect