Tag: China
Senate Passes Tech Innovation Bill To Compete With China
An expansive bill aimed at reinvigorating America's technological footprint to counter China passed the Senate on Tuesday and now heads to the House, where it faces...
China To Review Nvidia’s Acquisition Of Arm
Nvidia submitted an application to Chinese regulators in recent weeks asking them to approve the company’s US$40 billion acquisition of Arm, according to a report from...
China’s Big Tech Faces New Scrutiny From The Finance Regulator
Meituan, Didi Chuxing, and six other sharing economy platforms were summoned by China’s pricing watchdog last week, reported South China Morning Post.
The bureau told...
China’s Antitrust Watchdog Fines Alibaba-Backed Nice Tuan
The Chinese community group-buying app Nice Tuan, backed by the ecommerce giant Alibaba, was handed a 1.5 million yuan (US$235,000) fine by China’s market...
China Probes Tencent-Backed Property Broker KE
China's market regulator has begun an investigation into suspected anti-competitive practices by KE Holdings, the country's biggest housing broker whose top backer is Tencent...
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...
Ant Group In Talks With Chinese Watchdog To Revive Healthcare Unit
Jack Ma’s Ant Group is in talks with regulators in China to revive its crowdfunded medical coverage unit, Xiang Hu Bao, and develop it...
Tencent Faces Big Antitrust Fines In China
Tencent will be hit with a big antitrust penalty in China, but it’s not likely to be as much as Alibaba's record $2.75 billion fine last...
China Increases Antimonopoly Body’s Power
China’s antitrust watchdog is beefing up its senior ranks as authorities step up efforts to rein in the country’s powerful technology companies, reported Wall...