Alibaba

HONG KONG—China’s anticorruption watchdog is investigating top government officials in the eastern Chinese city of Hangzhou, where Alibaba Group Holding Ltd and Ant Group Co. are based, raising questions about close ties between local top-level Communist Party officials and the private sector. On Monday, China’s Central Commission for Discipline Inspection…

Last week, China’s market regulator announced a draft of new regulations on big tech companies in its latest effort to tighten control of the tech sector. The draft, released by the State Administration for Market Regulation, would give more power to the agency’s local branches to investigate inappropriate activity by…

(Image credit: Nice Tuan) Alibaba-backed online grocer Nice Tuan is reportedly downsizing its operations, according to an internal letter (in Chinese) made public on Saturday and in various Chinese media reports.  Why it matters: Nice Tuan is the latest grocery startup to scale back its operations amid consolidation in China’s…

The Amazon AWS Global Infrastructure is built for performance. AWS Regions offer low latency, low packet loss, and high overall network quality. This is achieved with a fully redundant 100 GbE fiber network backbone, often providing many terabits of capacity between Regions. Amazon has or will soon have about 100…

Brainy and ambitious, Jack Ma built one of China’s largest business empires from scratch, creating billions of dollars in wealth and introducing digital innovations to hundreds of millions of people. He wasn’t China’s Jeff Bezos, Elon Musk or Bill Gates. He was their peer. Now he has disappeared almost entirely…

TSMC surpasses Tencent and Alibaba to become Asia’s most valuable company TSMC has surpassed Tencent and Alibaba to become the company with the highest market value in Asia. Due to the severe impact on the supply chain due to the COVID-19 epidemic and the surge in demand from industries such…

Brainy and ambitious, Jack Ma built one of China’s largest business empires from scratch, creating billions of dollars in wealth and introducing digital innovations to hundreds of millions of people. He wasn’t China’s Jeff Bezos, Elon Musk or Bill Gates. He was their peer. Now he has disappeared almost entirely…

BEIJING, Aug 20 - China's SenseTime, which sells augmented reality technology to other companies, has seen global daily active users of that tech grow to 100 million from its launch of the business in 2016, a company executive said. Augmented reality (AR) features allow users to apply filters or effects…

Billionaire investor Ray Dalio at the China Development Forum in Beijing, in March, 2019. REUTERS. The ongoing crackdown on Chinese internet companies has hit their share prices hard. One of the worst affected has been ecommerce giant Alibaba, whose slapdown — the suspension of the IPO of its fintech arm,…

As the business climate worsens at home and in the West, Alibaba, Tencent and their peers seek friendlier markets CHINA’S TECHNOLOGY giants are having a torrid time. At home, a regulatory crackdown is intensifying. In the latest move, on August 17th the authorities released draft antitrust rules that would hurt…