Alibaba

China’s top market watchdog has begun a probe into Alibaba over alleged anti-competition practices at the e-commerce firm, the latest of Beijing’s efforts to curb the country’s ever-expanding internet titans. The State Administration for Market Regulation said Thursday in a brief statement that it is investigating Alibaba over its “choosing…

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Anger flourishes over the massive profits made by large enterprises while workers are laid off, the Bitcoin hype train sends the cryptocurrency’s value to $23,000, and a new report suggests that Chinese tech giant Alibaba sold software to clients that helped identify the face of a Uighur person.This week the…

The companies were cited for “not reporting past deals properly for anti-trust reviews,” including two Alibaba investments in 2014 and 2017, China Literature’s 2018 acquisition of New Classics Media, and Hive Box’s recent purchase of China Post Smart Logistics, per Reuters. All three penalties were for the small amount of…

JD Health doctor advises a TechNode reporter to go to a brick-and-mortar hospital for "targeted treatment." (Image credit: TechNode/Coco Gao) Shares of JD Health, the JD.com healthcare unit, jumped 56% after its mega debut on the Hong Kong stock exchange on Tuesday. Alibaba rolled out community-based grocery pickup services in…

December 8, 2020 By CIW TeamDouble 11 in November is the largest shopping festival in China and Alibaba promotes it with Tmall platform. Double 12, following Double 11 in December, is also an important annual campaign for e-commerce platforms.Taobao started Double 12 and this year is the 10th year. It…

AutoNavi has reached a deal with Feishu, ByteDance’s Office Suite APP, also known as Lark, and will be integrated within Feishu to provide enterprise car service for the platform’s users. AutoNavi, which started out as a digital mapping service provider – known as “Gaode” in Chinese – expanded its functions…

Singapore has finally unveiled four successful bidders for its digital bank licences, one fewer than the five it was expected to issue. Alibaba's Ant Group, joint bidders Singtel and Grab, as well as internet services company Sea have each snagged a licence, and are expected to begin operations from early-2022. The…

A year into China’s big bang opening of its financial markets, Wall Street has ever more to lose from a growing consensus in Washington over reining in Beijing. It’s a risk they’re willing to take. A star-studded cast of global banks and fund houses have increased their presence in China…

State-run Chinese TV network CGTN called the passage of the bill a “new high in U.S. anti-China hysteria.” The Securities and Exchange Commission (SEC) has been working on a similar proposal that the Wall Street Journal reported in November would put the responsibility on stock exchanges to require audit inspection compliance from…