Beijing has made it clear that action against Alibaba and Ant Group seeks healthier development of the industry, while economic stability remains a top priority. ( read original story …)
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Recent Posts
China strives to get balance right with move on tech giants
China throws the book at citizen journalist; COVID-19 reporting puts woman behind bars for 4 years
A Shanghai court has sealed the fate of lawyer-turned-citizen journalist Zhang Zhan for her “provoking” COVID-19 reporting. ( read original story …)
China’s coronavirus success boosts confidence that its system is the best answer to the country’s challenges
China’s leading Politburo said last week that it had achieved ‘an extremely extraordinary glory in this extremely unusual year’ that has been dominated by the impact of the coronavirus. ( read original story …)
China lawyer who reported on coronavirus outbreak sentenced to 4 years in prison
A Chinese court on Monday sentenced a former lawyer who reported on the early stage of the coronavirus outbreak to four years in prison on charges of “picking fights and provoking trouble,” … ( read…
China’s central bank makes rare public rebuke of Ma’s Ant Group
China’s central bank has accused Ant Group of “turning a blind eye” to regulatory compliance issues and ordered it to “rectify” its operations in the latest government broadside directed against Jack … ( read original…
Kelly Evans: China gets goaded into a smackdown
The line that’s mostly being cited is Ma quoting Xi as saying “Success does not have to come from me.” Ma was using that line to suggest that China is open to innovation. Ma also…
Beijing’s Alibaba crackdown knocks £150bn off China’s tech giants
Beijing’s regulatory crackdown on China’s biggest technology company Alibaba has triggered a widespread sell-off among the country’s internet giants, with around £150bn wiped off the four top … ( read original story …)
China has ordered Ant Group to overhaul its goliath financial business and ‘return to its payment origins’
Jack Ma’s Ant started as a payments processor for Alibaba before veering into other financial services, and now China is investigating both firms. ( read original story …)
Shenzhen 12: UK concerned at China’s ‘secret’ trial of group accused of trying to flee Hong Kong
The group face charges of illegal border crossing after their boat was intercepted allegedly en route to Taiwan. ( read original story …)
EU and China poised to agree investment pact
The EU and China are close to reaching a long-awaited business investment deal as. During a meeting with national ambassadors in Brussels on Monday, the European Commission reported progress on talks … ( read original…
Australia insists WHO inquiry into Covid origin must be robust, despite China tensions
Australia is pushing to ensure the global inquiry it helped trigger into the early handling of the Covid-19 pandemic doesn’t pull any punches – a move that has the potential to risk further … (…
Alibaba crackdown spurs global concerns, $200bn China tech rout
Alibaba Group Holding Ltd led a second day of frenetic selling among China’s largest tech firms, driven by fears that antitrust scrutiny will spread beyond Jack Ma’s internet empire and engulf the … ( read…
Alibaba Shares Tumble Again After Beijing Tightens Screws on Ant Group
Alibaba has erased almost all its stock-market gains this year, just days after Chinese regulators signaled a major change in their posture toward the e-commerce behemoth and its finance affiliate, … ( read original story…
