Thursday, Apr 15, 2021
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China fines Alibaba record $2.75 billion for anti-monopoly violations
China slapped a record 18 billion yuan ($2.75 billion) fine on Alibaba Group Holding Ltd on Saturday, after an anti-monopoly probe found the e-commerce giant had abused its dominant market position for several years.
Exclusive: China's antitrust regulator bulking up as crackdown on behemoths widens
China’s competition watchdog is adding staff and other resources as it ramps up efforts to crack down on anti-competitive behaviour, especially among the country’s powerful companies, people with knowledge of the matter told Reuters.
Huawei To Shutter Cloud Computing, AI Business Groups Amid Restructuring As US-China Trade War Bites
The news reveals troubles faced by the Shenzhen-based firm, namely amid the ongoing US trade war on China and ongoing COVID-19 pandemic, according to media reports.
China mulls new bourse to lure overseas-listed firms
Beijing is exploring options to establish a new stock exchange that targets firms listed overseas and could bolster the global status of its onshore share markets, Reuters reported, citing sources.
Chinese apps join celebs in backlash against Western fashion brands over Xinjiang
China’s top ride-hailing app dropped Swedish fashion retailer H&M from its listings as Chinese celebrities stopped endorsing foreign labels in a growing uproar over Western accusations of “forced labour” in Xinjiang.
Why did Alibaba's Jack Ma disappear for three months?
Jack Ma was about to become the richest man in China.
Musk says Tesla would be shut down if its cars spied in China, elsewhere
Tesla Inc chief executive Elon Musk said on Saturday his company would be shut down if its cars were used to spy, his first comments on news that China’s military has banned Teslas from its facilities.
China's Xi Jinping warns of tech crackdown, Alibaba pulled from app stores
CCP officials on Monday warned of tech giants 'growing in an inappropriate manner'
Beijing asks Alibaba to shed its media assets
Under Jack Ma’s leadership, the company built a formidable portfolio of media holdings
Simon Hu resigns as Ant Group CEO following regulatory crackdown
Simon Hu has resigned as chief executive officer of Ant Group, months after the digital payments company was forced to pull its IPO amid a crackdown by Chinese regulators.
India is trying to build its own internet
While Twitter finds itself in a prolonged standoff with the Indian government over the company's refusal to take down certain accounts, a senior executive of a very similar Indian social network says the sudden attention on his app has b...
Clubhouse app: what is it and how do you get an invite to the exclusive audio app?
The exclusive invitation-only social networking app is a hybrid of conference calls, talkback radio and Houseparty
China issues new anti-monopoly rules targeting its tech giants
China’s market regulator released new anti-monopoly guidelines on Sunday that target internet platforms, tightening existing restrictions faced by the country’s tech giants.
Alibaba stock spikes after Jack Ma resurfaces
Chinese billionaire Jack Ma resurfaced in an online video after staying out of the public eye for months -- fueling rumors that he was missing.
TikTok owner ByteDance launches payments in China as it pushes into fintech and e-commerce
ByteDance has launched a new payment service within Douyin, the Chinese version of short-video sharing app TikTok.
The tech supremacy: Silicon Valley can no longer conceal its power
‘To see what is in front of one’s nose needs a constant struggle,’ George Orwell famously observed. He was talking not about everyday life but about politics, where it is ‘quite easy for the part to be greater than the whole or for two o...
Jamie Dimon says JPMorgan Chase should absolutely be 'scared s---less' about fintech threat
JPMorgan Chase CEO Jamie Dimon has watched while a new breed of fintech players, led by PayPal, Square and tech giants around the world have exponentially grown users and market value.
Jack Ma: A look back at the Alibaba founder on 60 Minutes in 2014
Jack Ma told 60 Minutes about his relationship with the Chinese government and what he would do if the government asked for Alibaba’s user data.
Elon Musk Loves China, and China Loves Him Back-For Now
In turn, Tesla and its chief executive officer have done all the right things as far as Beijing is concerned.
Trump’s social media ban derided in China amid crackdown on Big Tech
Chinese pundits and academics call Trump’s social media ban a cautionary tale as the country cracks down on Big Tech.
Video: Parler CEO says no one wants to host the website after being dropped by Amazon
Parler using 300 servers. That’s a good customer for every hosting company outside USA. Why don’t they simply using the most secure hosting services in the world, operates by Alibaba? Or British Telecom, or Deutsche Telecom?
Reaction to Jack Ma Disappearing After Criticizing China in a Speech
Patrick Bet-David Podcast Episode 35. In this clip, Patrick Bet-David, Adam Sosnick and Tom Zenner talk about what could have happened to Jack Ma.
Where is Chinese tech billionaire Jack Ma?
Jack Ma has vanished from his own TV talent show and there has been no sign of him since late October.
How China Lost Patience With Jack Ma, Its Loudest Billionaire
Jack Ma, a co-founder of e-commerce behemoth Alibaba Group Holding Ltd., China's largest company, told the audience that day at the Bund Summit that he was torn about speaking, but felt this was a "most critical" moment in the developmen...
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