Alibaba was fined with a record amount of $2.8 in late April, confirms Global Times

Alibaba

Alibaba

Chinese portal Alibaba has confirmed that nearly four hundred top brands have raked in nearly $15 million dollars in sales with each increasing day. Some of the names that they have mentioned are Apple and L'Oreal. The e-commerce giants this year have reduced sales. Ciana's Informal Signals Day has been transformed into a shopping event in 2009. Moreover, it was built into the World's biggest online sales feast. 

On Wednesday, the Global Times newspaper stated that,'China's double 11 loses glamour focuses on high quay growth amid tight regulations.' But, still the report shocks everyone by saying that this event remained the top draw for various businessmen. 

When the event reached its eleventh hour, it presented the biggest surprise of the night, Benedict Cumberbatch. He is well known for portraying the famous detective Sherlock Holmes. Interestingly, the giant platform was fined a huge amount of $2.8 billion for monopolistic behaviour in late April.

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