Alibaba

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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(Source: Payload Asia) Alibaba’s logistics arm Cainiao started running daily freight flights between Singapore and China’s Hainan Island on Sunday to transport duty-free beauty products, as Covid-19 travel restrictions have trapped Chinese consumers’ booming demand for high-end purchases on the mainland. Cainiao Smart Logistics Network plans to operate seven return…

A record penalty slapped on Alibaba Group Holding Ltd. earlier this month kicked off China’s clampdown on anti-competitive activity in cyberspace, where a few titans increasingly dominate Chinese consumers’ daily lives, from online shopping and mobile payments to food delivery and car hailing. After years of tolerating online platforms’ extraordinary…

In the past two years, the epidemic has brought challenges to China’s medical industry and also brought new development opportunities. Online healthcare, digital healthcare and Internet medical services are increasingly accepted by consumers. Yu Feng, chairman of Yunfeng Capital and namesake for the "Feng" in the firm’s name (the other…

On Friday, April 16, the TechCabal Live conversation had e-commerce in Africa as its focus. E-commerce is always an interesting topic but it is made doubly interesting by the Covid-19 pandemic. Lockdowns and social distancing have made shopping online more popular than before. In fact, during the lockdown, I bought…

(Variety) Chinese director Jia Zhangke has formally launched his new venture: a filmmaking school in his native Shanxi staffed by some of China’s top industry talent, including helmers Ning Hao and Bi Gan.Communist Party officials presided over an inauguration ceremony for the Shanxi Film Academy that was attended by major firms…

  Key Takeaways: Alibaba-owned retail platform Tmall is launching new solutions for global brands interested in selling via the platform. SMEs will gain expanded access to large amounts of data and insight. Consumers should profit from the new model since they’ll have a greater selection of quality goods and will be…

At first, it might have sounded like manna from heaven. Chinese authorities announced they would be distributing more than $1 million to a select number of citizens, as part of a test of its new currency: a digital yuan that could be easily spent almost anywhere. Reports out of China…