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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…

DJI launches its intelligent driving business brand "DJI Auto" Chinese consumer drone maker DJI today officially launched its intelligent driving business brand "DJI Auto", dedicated to empowering mobility with space intelligent technology, focusing on the R&D, production, and sales of intelligent driving systems and their core components. Under this brand,…

Chinese regulators handed tech giant Alibaba a record penalty of RMB18.2 billion after a monthslong anti-monopoly investigation. State-run newspaper People’s Daily posted news of the penalty via Weibo on Saturday morning, which stated that the State Administration for Market Regulation assessed the fine for the company’s abuse of its favorable…

Alibaba stock (HKSE: 9988) advanced as much as 9% in early Monday trading in Hong Kong after the State Administration for Market Regulation (SAMR) imposed a RMB 18.2 billion (USD 2.8 billion) fine on Saturday, a new record since China’s anti-monopoly law came into effect in 2008, but a rather…

Listen to this story The Chinese Government has handed e-commerce giant Alibaba Group a colossal fine, a big move as it attempts to crack down on companies it deems to be breaking monopoly laws. The Alibaba Group has been fined 18.3 billion yuan ($AUD3.7 billion) for what China’s State Administration…

SHANGHAI/HONG KONG (Reuters) -China slapped a record 18 billion yuan ($2.75 billion) fine on Alibaba Group Holding Ltd on Saturday, after an anti-monopoly probe found the e-commerce giant had abused its dominant market position for several years. The fine, about 4% of Alibaba’s 2019 domestic revenues, comes amid a crackdown…