Alibaba

Berkshire Hathaway Inc Vice Chairman Charlie Munger praised China's move to impose a sweeping restructuring on Jack Ma’s Ant Group, the fintech giant whose record $37 billion IPO was derailed by regulators in November. The 97-year-old told CNBC in an interview alongside Berkshire CEO and billionaire investor Warren Buffett that…

(Image credit: TechNode/Eliza Gkritsi) In China, big tech is in the regulators’ crosshairs. Since financial regulators spiked an IPO for Ant Group, the Alibaba-affiliated fintech giant that was slated to outraise Saudi Aramco, tech majors have had to get used to fines, investigations, and meetings with regulators. This big tech…

The Jack Ma Foundation has pledged to spend at least 300 million yuan ($45 million) in the next decade to staff rural schools with qualified teachers. The foundation unveiled on Monday its Jack Ma Rural Pre-Service Teacher Initiative, which aims to draw graduates from normal universities to countryside schools on…

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

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