Alibaba

(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…

Choose your subscription Today's BriefingCHF 12 per month 3 month subscription Access our pick of the most crucial global news, comment and analysis of the moment, updated three times a day. Select Get access to the FT's daily newsletter with guided explanation of and links to the day's top stories written…

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…