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World News | Coco Liu, Bloomberg | Monday April 12, 2021 After China imposed a record antitrust fine on Alibaba Group Holding Ltd., the e-commerce giant did an unusual thing: It thanked regulators. World News | Peter Elstrom, Coco Liu, Bloomberg | Tuesday March 9, 2021 In barely 40 years, China has dramatically opened up its economy and become one of the world s primary growth engines. Now, President Xi Jinping is making ambitious plans to pull ahead of rivals by turning his country into a digital powerhouse. But Xi s drive toward tech dominance is being threatened by an unexpected speed bump: China s forceful cr. World News | Lulu Yilun Chen and Coco Liu, Bloomberg | Thursday January 21, 2021 ....
Alibaba relieved as regulatory storm ends with record fine Alibaba CEO Jack Ma waved a red flag in the face of Chinese President Xi Jinping when he compared the nations financial markets to pawn shops, in a presentation ahead of the planned Initial Public Offering of Ant. In November regulators blocked the listing which would have been worth over $34bn according to The Wall Street Journal. The clash was part of a long-running battle between Ma and local regulators. It triggered intense scrutiny of online tech companies and e-commerce platforms, which previously enjoyed relative freedom in their operations. Regulators have seemingly made an example of Alibaba, issuing a record 18.2 billion yuan ($2.8 billion) fine for anti-competitive practices. – Melani Nathan ....
TikTok parent tops $250-billion valuation - more than Exxon Mobil techcentral.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techcentral.co.za Daily Mail and Mail on Sunday newspapers.
Wooster rallies for change: BLM protests hit 300 days the-daily-record.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from the-daily-record.com Daily Mail and Mail on Sunday newspapers.
Details of Alibaba Penalties Emerge as Regulators Eye Other Giants in Tech Crackdown chinadigitaltimes.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadigitaltimes.net Daily Mail and Mail on Sunday newspapers.