What happened Shares of Alibaba Group (NYSE: BABA) jumped 9.3% Monday after the Chinese e-commerce leader announced a regulatory settlement. So what Alibaba was hit with a $2.8 billion fine as part of an anti-monopoly investigation. China's State Administration for Market Regulation (SAMR) found it to have restricted merchants from using competing platforms without justifiable cause. Regulators also instructed Alibaba to improve its internal controls to foster fair competition on its e-commerce sites. Alibaba Group's stock rallied Monday. Image source: Getty Images. Many investors were relieved that the fine wasn't larger or the punishment more severe. The penalty payment equates to 4% of Alibaba Group's domestic revenue in 2019. Chinese law allows for a maximum penalty of 10% of revenue. Moreover, there were no requirements for divestitures or major structural changes to Alibaba's business. Now what Wall Street says the fine could allow Alibaba to put its regulatory issues behind it. Several analysts, in turn, issued bullish commentary on Alibaba's stock. JPMorgan analyst Alex Yao, for one, reiterated his overweight rating on its shares. He sees Alibaba's stock price rising to $320, or roughly 31% higher than its closing price Monday. "The event will serve as a closure of investors' concern on Alibaba's core commerce regulatory risks," Yao said. 10 stocks we like better than Alibaba Group Holding Ltd.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Alibaba Group Holding Ltd. wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of February 24, 2021 JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Alibaba Group Holding Ltd. The Motley Fool has a disclosure policy.Source