Alibaba

Pinduoduo

Chinese e-commerce platform Pinduoduo slumps after revenue miss

US-listed shares of Pinduoduo plunged as much as 18% in early trading on Friday after the Chinese e-commerce platform missed quarterly revenue expectations as new coronavirus outbr...

Alibaba Office Building

China fines tech giants for failing to report 43 old deals

China’s market regulator said it was fining companies including Alibaba, Baidu and JD.com for failing to declare 43 deals that date as far back as 2012 to authorities, saying...

Platform News: Baidu search engine in China

Baidu warns of ad revenue slowdown after quarterly results beat

Baidu has beaten quarterly revenue and profit estimates on the strength of its cloud business, but warned that China’s regulatory crackdown and the pandemic would weigh on ad...

Platform News: Japan's SoftBank

SoftBank dragged into red by falling Vision Fund valuations

SoftBank Group Corp reported a 397 billion yen (approximately $3.5 billion) net loss for the July-September quarter, dragged down by a $10 billion investment loss at its Vision Fun...

Platform News: Jack Ma, the founder of Alibaba

Jack Ma, Trump and Xi: How Chinese billionaire flew close to the sun

This was supposed to be Jack Ma’s finest hour: a year ago to the day, his Ant Group was meant to go public in a $37 billion blaze of glory. Instead Beijing reined in his empi...

Platform NewS: China's ByteDance CEO and TikTok apps Founder

Source: ByteDance founder Zhang Yiming steps down as chairman

ByteDance founder Zhang Yiming has stepped down as chair of the company, after saying in May he would step down as CEO, a person with direct knowledge of the matter told journalist...

Yahoo

Yahoo leaves China for good, cites “challenging” environment

Yahoo said it had stopped allowing its services to be accessible from mainland China “in recognition of the increasingly challenging business and legal environment”, th...

Platform News: Jack Ma, the founder of Alibaba

Jack Ma spotted in Mallorca in rare trip abroad after China scrutiny

Alibaba Group founder Jack Ma was on the Spanish island of Mallorca where his luxury yacht is anchored, two Spanish newspapers have said, on his first known trip abroad since he fe...

Tencent WeChat

Newspaper: China regulators should act further to free up apps’ access to rivals’ links

Chinese internet platforms have not gone far enough in unblocking external links, as instructed by authorities, and relevant government bodies should take further action to interve...

Chinese Flag

China to keep up scrutiny of internet sector – Xinhua

China will continue its scrutiny of the internet sector, rooting out practices including the blocking of site links by rival platforms and ensuring smaller players have room to dev...

Platform News: Jack Ma, the founder of Alibaba

Billionaire Alibaba founder Jack Ma in Hong Kong?

Jack Ma, largely out of public view since a regulatory clampdown started on his business empire late last year, is currently in Hong Kong and has met business associates in recent ...

Platform News: China

New regulations: China tells tech giants to stop blocking rivals’ links

China fired a fresh regulatory shot at its tech giants, telling them to end a long-standing practice of blocking each other’s links on their sites or face consequences.

Platform News: Tencent conference and exhibition in China

China tells Alibaba, Tencent to open platforms up to each other

China’s industry ministry has told technology companies including Alibaba and Tencent to stop blocking each other’s website links from their platforms, the 21st Century...

Platform News: China's Alibaba online marketplace

Chinese prosecutors drop case against former Alibaba employee

Chinese prosecutors have dropped a case against a former Alibaba Group Holding Ltd employee accused of sexually assaulting a female colleague, saying they had determined he had com...

Platform News: China

China targets US IPOs, algorithms, cloud in latest tech takedown

Communist China has launched a multi-pronged attack on its tech companies, threatening to curb their ability to list in the US, seeking to tighten up regulation of their use of alg...

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