SHANGHAI, Sept 2 (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 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 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 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 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 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 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".