Tag: Alibaba
Tencent Ups Spending To Compete With Alibaba
China’s Tencent Holdings said on Thursday, May 20, that it wants to put a greater portion of this year's incremental profits into sectors that include games,...
Alibaba Posts First Loss Since Going Public After Antitrust Fine
Alibaba Group Holding posted its first-ever quarterly loss since it went public after being hit by a record antitrust fine in China and pledged to...
China Fines Tutoring Apps Backed By Tencent, Alibaba
China is expanding its far-reaching tech campaign into online education, issuing the maximum penalties to two of the country’s fastest-growing tutoring apps for violating...
China’s Regulator SAMR To Police Its Big Tech Now
The power of the State Administration of Market Regulation (SAMR), the regulator in charge of “market order” in China, appears to be growing after...
Alibaba Accepts $2.75B Fine & Vows To Change
Alibaba Group does not expect any material impact from the antitrust crackdown in China that will push it to overhaul how it deals with...
China Hits Alibaba With A $2.8B Antitrust Fine
China has hit Alibaba, one of the country’s biggest online retailers, with a record US$2.8 billion (18.2 billion yuan) fine, after an investigation found...
Alibaba To Host Its App On Tencent’s WeChat Platform For Antitrust...
Alibaba Group, the biggest eCommerce platform in China, will host its bargains app, Taobao Deals, on Tencent’s WeChat platform, Bloomberg reported, citing sources. The...
China Tells Alibaba To Dump Media Assets
Beijing officials told Alibaba Group to considerably reduce its expansive suite of media assets after reviewing the list and growing concerned about the tech...
China’s Antitrust Watchdog Considers Tough Alibaba Fine
Chinese regulators are mulling a record antitrust fine against Alibaba that would surpass the US$975 million levied against Qualcomm in 2015, The Wall Street...
Why is China cracking down on Alibaba?
By Angela Huyue Zhang, Japan Times
Since the Chinese authorities suddenly halted fintech conglomerate Ant Group’s planned initial public offering in autumn 2020, its parent...