Alibaba

(AP) China’s government banned effeminate men on TV and told broadcasters Thursday to promote “revolutionary culture,” broadening a campaign to tighten control over business and society and enforce official morality.President Xi Jinping has called for a “national rejuvenation,” with tighter Communist Party control of business, education, culture and religion. Companies…

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China Tech Stocks Drop as Alibaba’s Donation Worries Investors Chinese expertise shares have been on tempo to snap a four-day rally, as traders remained cautious over new clampdowns coupled with the influence of Alibaba Group Holding Ltd.’s giant donation on its stability sheet. The Hang Seng Tech Index dropped 1.2%…

For frustrated employees, Alibaba executives were no different from “buddha overlooking all sentient beings below.”Read More

(Source: Investopedia) Alibaba will invest 100 billion yuan ($15.5 billion) by 2025 in support of the country’s goal of common prosperity, becoming the latest corporate giant to pledge support for the initiative, Zhejiang News reported on Thursday. Alibaba will set up a special permanent organization to carry out ten actions…

Chinese ride-hailing giant Didi has announced the creation of a labor union in an internal forum last week. The move is likely to give more power to Didi’s mostly part-time drivers who lack full employee benefits. More tech giants are expected to follow suit, including Alibaba and Meituan. Chinese regulators…

Speculation continues to grow after Vicki Zhao Wei (趙薇) was blacklisted from China’s Internet servers. Although some netizens speculated that the actress was banned for wearing a dress with the Japanese war flag in an old fashion shoot, others suspect that Zhao Wei is involved in a larger controversy that may…

Jack Ma’s early success embodied the freewheeling Zhejiang entrepreneurial spirit of the early 2000s, when GDP growth featured prominently in both official propaganda and strategy. Ma learned early on the importance of nurturing cozy relationships with government officials. The relationship was largely mutually beneficial: While Alibaba received blessings from government…

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