Alibaba

CBDC Digital Yuan Is Closing In On A Full Release As Major Institutions Start Using The CBDC Lujan OderaApril 27, 2021Alibaba’s Ant Group partnered with PBoC to develop China’s CBDC report.The digital yuan could overpower the influence of WeChat Pay and AliPay in the future.More institutions are adopting the CBDC…

(Source: Visual China) The Chinese government announced on Monday that it has launched an anti-monopoly investigation into food delivery giant Meituan, stepping up its campaign aimed at reining in the power of the country’s big tech groups. The State Administration for Market Regulation carried out the probe amid reports that…

Adam Bao recently interviewed Hong Lu, founder of UT Starcom, one of the pioneering telecom companies in China. Lu is widely respected not only as a tech entrepreneur, but also as founding chairman at SoftBank China Venture Capital (which wrote an initial $18 million check for Alibaba), and for his…

Ed. Note: This list was produced and will be manually maintained by Zane Simon. He is the same creator and former minder of the Wikipedia version. Comments, feedback, and questions for Zane are more than welcome, and you can reach him at zanesimon at gmail dot com. Comments are closed…

Earlier this month, Alibaba was fined a jaw-dropping $2.8 billion for anti-competitive business practices following an investigation launched by China’s market regulator in December. The fine, a record for global antitrust, mainly indicates two things: Authorities are stepping up in terms of tech oversight — China’s walled gardens aren’t quite…

Meituan said that it will actively co-operate with the probe and step up its efforts to comply with regulations.Read More

(Source: Payload Asia) Alibaba’s logistics arm Cainiao started running daily freight flights between Singapore and China’s Hainan Island on Sunday to transport duty-free beauty products, as Covid-19 travel restrictions have trapped Chinese consumers’ booming demand for high-end purchases on the mainland. Cainiao Smart Logistics Network plans to operate seven return…

A record penalty slapped on Alibaba Group Holding Ltd. earlier this month kicked off China’s clampdown on anti-competitive activity in cyberspace, where a few titans increasingly dominate Chinese consumers’ daily lives, from online shopping and mobile payments to food delivery and car hailing. After years of tolerating online platforms’ extraordinary…

On Friday, April 16, the TechCabal Live conversation had e-commerce in Africa as its focus. E-commerce is always an interesting topic but it is made doubly interesting by the Covid-19 pandemic. Lockdowns and social distancing have made shopping online more popular than before. In fact, during the lockdown, I bought…

(Variety) Chinese director Jia Zhangke has formally launched his new venture: a filmmaking school in his native Shanxi staffed by some of China’s top industry talent, including helmers Ning Hao and Bi Gan.Communist Party officials presided over an inauguration ceremony for the Shanxi Film Academy that was attended by major firms…