What I found really interesting was the translation:
> "Alibaba just responded to the punishment: we sincerely accept it and obey it firmly. And the company will further enhance its compliance system."
Really interesting take that a literal giant just accepted this as the best outcome and complied vs. I guess what we've come to expect in the West (even in India) - lawyering up and appeals upon appeals. I think someone also mentioned that this was approx. 4% of their domestic revenues (2019).
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[ 2.9 ms ] story [ 10.2 ms ] thread> "Alibaba just responded to the punishment: we sincerely accept it and obey it firmly. And the company will further enhance its compliance system."
Really interesting take that a literal giant just accepted this as the best outcome and complied vs. I guess what we've come to expect in the West (even in India) - lawyering up and appeals upon appeals. I think someone also mentioned that this was approx. 4% of their domestic revenues (2019).