Alibaba

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…

Jack Ma (Image: Chesnot/Getty Images) China has fined Alibaba Group a record $2.8 billion after an investigation found it abused market dominance.The probe is part of a campaign to curb China's internet leaders and billionaire founders' power.Alibaba has come under mounting pressure from authorities since its founder Jack Ma spoke…

Key Takeaways: A crackdown on Big Tech would kill innovation. Alibaba is not only a highly-efficient entity, but it’s also an umbrella for several startups. Breaking up Alibaba would bring reputational damages not only to Jack Ma’s empire but also to China. Alibaba might hold too much power over luxury…

(Variety) “Hi, Mom” begins as a pleasant enough comic fantasy about a young Chinese woman who time-travels from 2001 to 1981 and becomes friends with her late mother. That’s before it flicks an inspired story-telling switch and turns into a top-notch tearjerker that will have viewers everywhere reaching for the…

UNCASVILLE, Conn. – After Tyrell Fortune finished pounding out Jack May, he stood up and kept the punishment going – verbally. Fortune (10-1 MMA, 10-1 BMMA) made relatively easy work of Jack May (11-8 MMA, 0-1 BMMA) in their rematch Friday at Bellator 255. Takedowns led to ground-and-pound in the…