SHANGHAI (Reuters) - China's State Administration of Market Regulation (SAMR) said on Friday that Alibaba Group ( BABA ) had completed three years "rectification" following a record $2.75 billion fine levied in 2021 for monopolistic practices.

The regulator said Alibaba ( BABA ) had achieved "good results" and that it would continue to "guide" the e-commerce giant to "regulate its operations and improve its compliance and quality".

Here is a timeline of key events leading up to and following the fine.

NOV. 10, 2020 - CHINA PUBLISHES DRAFT ANTI-MONOPOLY RULES FOR INTERNET PLATFORMS

China published draft rules aimed at preventing monopolistic behaviour by internet platforms, increasing scrutiny of online marketplaces and payment services of firms such as Alibaba ( BABA ).

APR. 10, 2021 - REGULATOR HITS ALIBABA WITH RECORD FINE

China imposed a record 18 billion yuan ($2.75 billion) fine on Alibaba ( BABA ) after an anti-monopoly probe concluded that the firm had been "abusing its market dominance" since 2015 by preventing merchants from using other e-commerce platforms.

DEC. 6, 2021 - ALIBABA REPLACES CFO, REORGANISES E-COMMERCE BUSINESSES

Alibaba ( BABA ) said it will reorganise its international and domestic e-commerce businesses and replace its chief financial officer. The changes came at a time of heightened competition and slowing economic growth as well as increased regulatory scrutiny.

APR. 30, 2022 - CHINA SIGNALS EASING OF TECH SECTOR CRACKDOWN

The Politburo, following a meeting chaired by President Xi Jinping, said it will increase policy support, including for the so-called platform economy, to stimulate economic activity after a period of growth-sapping COVID-19 containment measures.

MAR. 28, 2023 - ALIBABA BREAKS UP BUSINESS INTO SIX UNITS

Alibaba ( BABA ) announced the biggest restructuring in its 24-year history, saying it will split into six units and explore listings for most of them, as the government vowed to ease a sweeping regulatory crackdown and support private enterprises.

JUNE 20, 2023 - ALIBABA GROUP ( BABA ) CEO STEPS DOWN

Alibaba ( BABA ) said then-Chief Executive Officer and Chairman Daniel Zhang would step down to focus on its cloud division. Eddie Yongming Wu, chairman of Alibaba's ( BABA ) Taobao and Tmall, took over as CEO and Executive Vice Chairman Joseph Tsai became chairman.

SEPT. 10, 2023 - DANIEL ZHANG QUITS CLOUD BUSINESS

Zhang quits the cloud business, in a development that took market watchers by surprise. Wu takes over the unit.

NOV. 16, 2023 - ALIBABA SCRAPS CLOUD UNIT LISTING

Alibaba ( BABA ) announced it would not spin off its cloud business as previously planned, citing uncertainty created by U.S. export curbs on chips used in artificial intelligence applications.

DEC. 20, 2023 - CEO WU FURTHER CONSOLIDATES POWER BY TAKING OVER DOMESTIC E-COMMERCE

CEO Wu began to directly oversee Alibaba's ( BABA ) domestic e-commerce arm, a core area for attention and investment as it fends off competition from low-price rivals such as PDD's Pinduoduo.

MAR. 26, 2024 - ALIBABA SCRAPS LOGISTICS UNIT LISTING

Alibaba ( BABA ) shelved plans to list Cainiao and said it would instead buy the rest of the stock it did not already own in the logistics unit for as much as $3.75 billion.

AUG. 15, 2024 - ALIBABA MISSES REVENUE ESTIMATES AMID CHINA CONSUMER MALAISE

Alibaba ( BABA ) reported April-June revenue that grew 3.9% though missed market expectations and fell far short of the 30% growth of the same quarter three years earlier. Its stock was down 72% since the anti-monopoly rules announcement in November 2020, putting its value at $200 billion versus its $830 billion peak.

AUG. 30, 2024 - REGULATOR SAYS ALIBABA HAS COMPLETED THREE-YEAR 'RECTIFICATION'

Alibaba ( BABA ) described the regulator's announcement as a "new starting point for development" and said it would continue to "promote the healthy development of the platform economy and create more value for society".