Alibaba

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…

Bellator 255 Highlights: Patricio Pitbull chokes out Emmanuel Sanchez! Patricio “Pitbull” Freire continued to lord over two divisions at Bellator 255. The lightweight and featherweight champ choked out Emmanuel Sanchez in the featherweight championship main event, which was also a Featherweight Grand Prix semifinal bout. Check out the Bellator 255…

Patricio “Pitbull” Freire continued to lord over two divisions as the Bellator 255 results came in on Friday night. It was the fight promotion’s debut event on the Showtime network. Bellator 255 results: Patricio Pitbull chokes out Emmanuel Sanchez In a featherweight title rematch, Bellator featherweight and lightweight champion Patricio…

The Spike/Paramount/DAZN saga is over. Bellator is now streamlining distribution and will be focused on staging shows on Showtime (with prelims on YouTube) in the United States. Working deals in other hotspots such as Ireland and the UK has led to more stability than they’ve had in a long time…