Alibaba

A woman holds a phone with the Alibaba app on screen. (Image credit: Bigstock/nopparat.k) China's months-long investigation of Alibaba for anti-competitive practices concluded on Saturday as the e-commerce heavyweight was slapped with a record RMB 18.2 billion ($2.8 billion) fine for violating the Anti-Monopoly Law for a variety practices, most…

China's State Administration for Market Regulation has given all the internet firms a period of one month to correct their malpractices.Read More

(Source: Threatshub) A dozen Chinese leading internet companies including Baidu, ByteDance and JD.com issued commitments on Wednesday to obey antitrust laws, a day after regulators ordered them to conduct self-inspections and rectify illegal practices within one month. Food delivery platform Meituan, retail giant Suning.com, Twitter-like social media site Sina Weibo…

The State Administration for Market Regulation (SAMR), Cyberspace Administration of China, and State Taxation Administration summoned 34 internet companies to urge them to reference Alibaba’s case and correct their anti-competition practices, according to a post on SAMR’s website on Tuesday. These companies are iQiyi, Baidu, Beike, Didi, Dangdang, Dmall, JD.com,…

(Image credit: Bigstock/Jirapong Manustrong) Regulators fined Alibaba a record-breaking penalty while Shanghai-based English-language food delivery service Sherpa’s is penalized for dominating a niche market. Authorities punished package delivery service firms Baishi Express and J&T Express for price dumping. Trip.com filed for a secondary listing in Hong Kong. Produce e-commerce platform…

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Anjuke’s Yao Jinbo may be looking for a regulatory hand before his IPO Fines are in fashion in China as the boss of real estate listings site Anjuke seems to have been inspired by recent government action against Alibaba to call down government fury upon his larger competitor. Singapore is…

CIW / Technology / Mini Program platforms 2021: WeChat vs. Alibaba vs. Baidu April 13, 2021 By CIW Team Mini Programs (MP) are light applications designed to run on top of a specific mobile app. Top technology companies in China have designed and run their own mini-program framework; and, the…

(Source: Shutterstock) The Chinese government recently ordered a structural reform of Jack Ma’s Ant Group. Under the direction of China’s central bank, regulation authorities have set up stricter requirements for Ant Group and demand the Fintech company cut ties with its popular payment app Alipay. Ant Group will thus turn…

What Happened: Last week, Chinese regulators hit Alibaba with a record $2.8 billion antitrust fine, and now, are calling for a major overhaul at Ant Financial. According to Bloomberg, Beijing is forcing Ant Financial to become a financial holding company, allowing it to be regulated more like a bank. The…