Chinese e-commerce giant
Alibaba Group Holding (ticker: BABA) is feeling the heat from investors and regulators over allegations of monopolistic practices, but that doesn’t mean it will lose its momentum.
The company founded by Chinese billionaire Jack Ma has a solid position in the online shopping marketplace, but faces competition from
Pinduoduo (PDD), among others.
Last week, the People’s Bank of China (PBOC) announced it had begun an antimonopoly investigation. Analysts believe it is looking at whether Alibaba requires sellers on its platform to exclusively sell there and not through competitors, a practice known as “picking one from two.”
Hang Seng climbs, Alibaba shares rebound
thestandard.com.hk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestandard.com.hk Daily Mail and Mail on Sunday newspapers.
Alibaba shares in positive column
thestandard.com.hk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestandard.com.hk Daily Mail and Mail on Sunday newspapers.
How The Chinese Use Illegal Online Gambling And Tether To Launder Over $1 Trillion Yuan
zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.
OPay eyes north Africa after Nigeria success
taipeitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taipeitimes.com Daily Mail and Mail on Sunday newspapers.