Alibaba Fined $2.8 Billion On Competition Charge In China
Chinese regulators announced that they have fined giant e-commerce giant Alibaba 18.3 billion yuan ($2.8 billion) on charges of violating anti-monopoly rules. (Chinatopix via AP)
Tags: Alibaba
Analysis: The Trillion Dollar Weapon In The U.S.-China Tech Stock War
LONDON (Reuters) - The threat of a $1 trillion U.S. sanctions hit on the Chinese internet giants that have led emerging market stocks to their first record high since 2007…
Alibaba Shares Leap After CNBC Reports Billionaire Founder Jack Ma ‘Not Missing’
Alibaba's billionaire co-founder, Jack Ma, is not 'missing', CNBC reported Tuesday, after drawing the ire of the Chinese leadership for critical comments he made during a speech in October.
Alibaba-Owned Lazada saw ‘Record’ Sales on Singles Day, its Singapore CEO say
SINGAPORE — Southeast Asian e-commerce firm Lazada saw a “record” number of sales on its platform during Singles Day, according to the company’s Singapore head.
Beijing Puts Ant on a Shorter Leash
HONG KONG (Reuters Breakingviews) - Ant mania is getting a reality check from Beijing. Days ahead of the company’s record-setting $34 billion initial public offering, founder Jack Ma was hauled…
Alibaba and Dufry Team Up to Woo Duty-Free Shoppers
HONG KONG -- Alibaba Group Holding has teamed up with Swiss duty-free shop chain Dufry Group to target Chinese who are starting to travel again even as much of the…