Alibaba

China’s State Administration for Market Regulation (SAMR) has launched an investigation into e-commerce powerhouse Alibaba (HKEX: 9988; NYSE: BABA) over alleged monopolistic practices, as Beijing is tightening oversight of the country’s influential technology companies, state-owned news agency Xinhua reported on Thursday. Alibaba confirmed the news in a public statement, saying…

Earlier this month, Alibaba and China Literature, Tencent's e-book spinoff, were fined for failing to declare past acquisitions.Read More

Alibaba's booth at the World Artificial Intelligence Conference on August 30, 2019 in Shanghai. (Image credit: TechNode/Shi Jiayi) Chinese market regulators announced an anti-monopoly investigation targeting Chinese e-commerce giant Alibaba Dec. 24. The same day, they summoned executives at affiliate Ant Group for a meeting about regulation compliance issues. Why…

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…