Alibaba

We've detected unusual activity from your computer network To continue, please click the box below to let us know you're not a robot. Read More

Companies including internet giants Alibaba and Tencent were fined Wednesday by anti-monopoly regulators in a new move to tighten control over their fast-developing industries. In 22 cases, companies were fined $75,000 (500,000 yuan) each for actions including acquiring stakes in other companies that might improperly increase their market power, the…

Didi accounts for eight of the 22 fined deals announced on Wednesday. (Image credit: Didi) Top market regulators in China announced on Wednesday night a large batch of antitrust punishment. Tech majors Didi, Alibaba, Tencent, Suning, and Meituan were fined the maximum penalty under current law for violating the Anti-Monopoly…

Offers fast deployment of dedicated SD-WAN gateways in 50+ locations worldwide. Leading SD-WAN provider, Fusion Broadband, has expanded into Equinix, which will give it a significantly larger global footprint and enable it to offer customers enhanced performance and more advanced connectivity options. Equinix is a leading digital infrastructure company operating…

Chinese medical data group LinkDoc Technology has called off its US initial public offering at the last minute, two people familiar with the transaction said, becoming the first casualty of Beijing’s clampdown on overseas listings. The company planned to raise up to USD 210 million on the tech-heavy Nasdaq exchange…

Troubled Chinese retailer Suning has secured a $1.36 billion bailout offer from a group of investors led by the state asset management committees of Nanjing and Jiangsu provincial governments, in exchange for a 17% stake in the retail company. Alibaba also joined the funding consortium together with Chinese electronics makers Midea Group, Haier Group, Xiaomi, and…

(Image credit: Alibaba) Alibaba’s former executive chairman Jack Ma’s family fortune manager Blue Pool Capital invested in a gaming company specializing in nonfungible tokens (NFTs). Regional neighbors are looking into digital currency plans. Japanese officials said they are hoping to clarify whether to issue a central bank-backed digital yen by…

July 6, 2021 By CIW Team More than 60% of brands choose to launch new products online during the past one year, and most choose Tmall, according to a joint report by Yicai and Alibaba. According to the data of the report, in recent years, the total number of new…

Xpeng Motors said on Monday it has priced its shares at HK$165 ($21.20) apiece and expects to raise about HK$14 billion in its upcoming IPO. Listed in the US, Xpeng’s Hong Kong offer price represents a 52% discount on its New York closing price of $43.74 on July 2. The…

Alibaba’s chairman and CEO Daniel Zhang outlined the company’s latest internal reorganization in a letter sent to his staff on July 2, resulting in the formation of a new business group focused on local lifestyle services. In the new unit, Yu Yongfu will lead a newly consolidated on-demand lifestyle services…