The Daily Populous

Sunday April 11st, 2021 night edition

image for China hits Alibaba with record $2.8 billion fine for behaving like a monopoly

London/Hong Kong (CNN Business) 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.

The fine is equivalent to 4% of Alibaba's sales in China in 2019, state news agency Xinhua reported, and dwarfs the previous record penalty of $975 million handed out to American chipmakerin 2015.

Last month, Xi urged officials to step up their efforts to regulate online companies to maintain social stability.

Co-founded by legendary entrepreneur Jack Ma , Alibaba is one of China's most prominent and successful private businesses.

By making such a high-profile example, Chinese regulators are sending a clear message about their intent to rein in the country's most powerful companies.

"We discussed a broad range of topics, mainly focused on fostering innovation and creating a healthy environment for industry evolution.

Tencent has always and will continue to conduct our operations in compliance with relevant laws and regulations.". »

Supportive Partners Protect Relationship Quality in People with Depression or External Stress

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– Having a responsive, supportive partner minimizes the negative impacts of an individual’s depression or external stress on their romantic relationship, according to research by a University of Massachusetts Amherst social psychologist.

During each annual visit to the lab, couples were videotaped while they discussed a major conflict in their relationship.

“We used a very complex, intensive coding scheme that captures a whole range of behaviors that we can call responsive behavior.”. »