Tag: Alibaba
Alibaba accepts massive penalty by regulator: Says ‘happy to get the...
Alibaba, the Chinese tech giant, said that it accepts the record penalty imposed by the country's anti-monopoly regulator.
Recently, Chinese regulators had imposed a $2.8 billion...
China slaps $2.78bn fine on Jack Ma’s Alibaba for market abuses
Chinese multinational company Alibaba Group has been fined $2.78 billion by the country’s regulators for anti-competitive tactics, as the ruling Communist Party tightens its...
Chinese regulators gripping internet sector scrutiny; Summoned 11 firms on ‘deepfake’...
The Chinese regulators have summoned 11 technology companies including Alibaba and Tencent for talks regarding the security of voice software on their content platforms,...
Chinese govt pushes Alibaba to sell its media assets: Sources
The Chinese regulators are tightening their grip on Jack Ma’s empire by urging Alibaba Group to sell some of its media assets, including the...
India’s Tata plans to buy majority stake in Alibaba-backed BigBasket
Indian multinational conglomerate Tata Group’s holding company Tata Sons is reportedly planning to acquire a majority stake in Alibaba-backed online grocery seller BigBasket.
If the...
China’s Ant Group lays financial self-discipline rules as govt scrutiny tightens
The world’s largest fintech company Ant Group has issued a set of financial self-discipline rules in light of increased scrutiny on its activities by...
Jack Ma knocked out of China’s richest man tag with empire...
The Chinese business tycoon Jack Ma has stepped out of the position of China’s richest man, the Hurun Global Rich List reveals, as his...
China’s crackdown on Ant Group is squashing its ambitions to be...
Chinese billionaire Jack Ma's Ant Group swiftly became one of the most powerful companies, and its plans for bridging the worlds of tech and...
