In China, tech behemoth Alibaba touches just about every part of everyday life. From shopping and banking, to messaging and entertainment, the company has become essential to more than half a billion users. But it's looking for more areas to expand. And that's put it in the cross-hairs of an even more powerful entity: the Chinese government. On Monday it fined Alibaba and Tencent-backed firm China Literature 76-thousand dollars each for not properly reporting deals under new anti-trust rules. Miranda Lin has more.

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