Chinese e-commerce giant Alibaba said Thursday it fell to a $1.17 billion loss in its latest financial quarter due to a record fine levied by the government for anti-competitive practices. The Hangzhou-based company was fined 18.2 billion yuan ($2.78 billion) last month as part of a push by regulators to rein in dominant digital platforms that have achieved unprecedented influence over the daily lives of hundreds of millions of Chinese consumers. dma/axn