Alibaba

Ant Group is exploring options for founder Jack Ma to divest his stake in the financial technology giant and give up control, as meetings with Chinese regulators signaled to the company that the move could help draw a line under Beijing's scrutiny of its business, according to a source familiar…

Ant Group is exploring options for founder Jack Ma to divest his stake in the financial technology giant and give up control, as meetings with Chinese regulators signalled to the company that the move could help draw a line under Beijing’s scrutiny of its business, according to a source familiar…

Tencent’s ultra-modern headquarters loom over Shenzhen’s Nanshan District. (Image credit: TechNode/Jiayi Shi) Tencent, Didi Chuxing, and Alibaba’s grocery unit joined Chinese tech peers in promising on Thursday to uphold rules against anticompetitive behavior amid a sweeping crackdown across the sector that began with e-commerce giant Alibaba. Why it matters: In…

A Tmall advertisement promotes the brand in a Shanghai mall on March 22, 2019. (Image credit: TechNode/Cassidy McDonald) E-commerce platform Tmall said that it will change its store-opening policies in an effort to lower merchant costs, just days after Chinese regulators penalized parent company Alibaba for anticompetitive behavior. Why it…

SINGAPORE, Apr 15, 2021 - (ACN Newswire) - Daraz, the leading e-commerce platform in South Asia announced its commitment to provide additional support to local entrepreneurs and enhance the selling experience on the platform over the coming months. In a recent online conference, Daraz Group CEO, Bjarke Mikkelsen, announced key…

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…