Alibaba

Platform News: Ant Group and the FinTech sector in China

Some investors lukewarm on China’s Ant Group if revived after revamp

China’s regulatory-imposed revamp of Ant Group, transforming the hot fintech into a financial holding company, appears to have dented some investor appetite for any plans to ...

Platform News: China's Alibaba online marketplace

China fines Alibaba record $2.75 billion for anti-monopoly violations

China has slapped an 18 billion yuan (approximately $2.75 billion) fine on Alibaba Group, after an anti-monopoly probe found the e-commerce giant had abused its dominant market pos...

Alibaba Office Building

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 powe...

Platform News: China's Alibaba online marketplace

Alibaba’s browser removed from Chinese Android app stores

Chinese app stores have removed Alibaba’s UC Browser for mobiles, after it was criticised on Chinese state television’s annual consumer rights show for including medica...

Platform Industry News: People looking at an iPhone 11

Fear? China issues anti-monopoly rules targeting its platform 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 gi...

Platform News: China's Alibaba online marketplace

Alibaba beats revenue forecast as Chinese shadow of regulators fall

Alibaba has beaten Wall Street estimates for third-quarter revenue, as its e-commerce business benefited from a switch to online shopping triggered by the global COVID-19 pandemic.

Platform Industry: China's Tencent

Douyin sues Tencent for monopolistic behaviour

ByteDance’s wildly popular short-video app Douyin has filed a complaint with a court in Beijing to sue Tencent for monopolistic behaviour and asked compensation, ByteDance ha...

Platform News: Jack Ma, the founder of Alibaba

Alibaba’s Jack Ma makes first public appearance in three months

Alibaba Group founder Jack Ma made his first public appearance since October when he spoke to a group of teachers by video, easing concern about his unusual absence from the limeli...

Platform News: Ant Group and the FinTech sector in China

China to push its tech giants to share consumer credit data

China intends to push tech giants including Ant Group, Tencent and JD.com to share consumer loan data to prevent excess fraud and borrowing, two individuals with knowledge of the i...

Platform News: President Donald J Trump

Trump signs order banning transactions with eight Chinese apps including Alipay

President Trump has signed an executive order prohibiting trades with eight Chinese software applications, such as Ant Group’s Alipay, ” the White House stated, escalat...

Platform News: Alibaba online marketplace

Alibaba to shut down Xiami music app next month

Alibaba Group will shut its audio streaming platform Xiami Music following month, in a move that marks a step back from its ambitions to push into China’s entertainment indus...

Platform News: Jack Ma, the founder of Alibaba

Where is Ant Group’s Jack Ma?

Alibaba and Ant Group founder Jack Ma has been under scrutiny by Beijing since he delivered a speech back in October that some criticised China’s regulatory system.

Platform News: Ant Group and the FinTech sector in China

China’s Ant cuts credit limits for some young Huabei users

China’s Ant Group is lowering borrowing limits for some young users of its Huabei virtual credit card product, the company said on Wednesday, a month after China frozen the f...

Platform Industry: Tencent logo at an event

China to crank up anti-trust heat on Big Tech after unprecedented fines

China’s unprecedented anti-trust squeeze onto its technology giants isn’t only just beginning.

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