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ALIBABA FINE
French regulator says most e-commerce platform products it tested breach EU rulesFrance's consumer watchdog found a staggering 75% of products from online platforms failed EU safety rules. Many items were found to be dan...- China hits food delivery platforms with 3.6 bln yuan fine for 'ghost' deliveriesChina has imposed hefty fines on seven major e-commerce platforms for serious food safety breaches. Companies like Taobao, Meituan, Pinduod...
- DeepSeek V4 model to use Huawei chips? But, can Huawei truly match Nvidia in power and scaleDeepSeek is moving V4 AI model to Huawei chips, reducing reliance on Nvidia hardware. This shift reflects China’s AI independence strategy ...
- China to fine Didi more than $1 billion for data breaches: WSJ reportPeople said the fine would be more than 8 billion yuan ($1.28 billion), accounting for about 4.7% of Didi's $27.3 billion total revenue las...
- Alibaba and Tencent stocks plunge after latest finesIt included five of Alibaba's transactions and 12 of Tencent's. A wide-reaching crackdown on the technology sector has often hit stock pric...
- Alibaba and Tencent stocks plunge after latest fines by Chinese regulatorsEcommerce giant Alibaba's shares in Hong Kong fell 6.8%, while gaming and social media company Tencent Holdings sank 3.2%. The Hang Seng in...
- Alibaba, Tencent fined for disclosure violations in ChinaThe State Admnistration for Market Regulation (SAMR) released a list of 28 deals that violated the rules. Five involved units of Alibaba, i...
- China's market regulator fines Alibaba, Tencent for failing to report dealsAccording to public filings, China's State Administration for Market Regulation (SAMR) placed penalties of 500,000 yuan ($78,692) on the co...
- China fines tech giants over anti-monopoly violationsBeijing has launched anti-monopoly, data security and other crackdowns on tech companies since late 2020.
- Alibaba apps start offering WeChat Pay option after government ordersEarlier this month, the ministry of industry and information technology said it had asked internet companies to end a long-standing practic...
- Jack Ma's business partner reveals billionaire is spending his free days paintingLast year, Ma was summoned by China's financial regulators & Alibaba was fined $2.8 bn.
- Alibaba reports first operating loss as a public companyThe fine by China's markets regulator in April was the largest-ever of its kind
- China readies sizeable penalty for Tencent in sweeping antitrust crackdown, say sourcesTencent faces penalties for not properly reporting past acquisitions and investments for antitrust reviews, an offence with a fine capped a...
- Timeline: Events leading up to China's $2.75 billion fine on AlibabaAlibaba has come under intense scrutiny in China since its billionaire founder Jack Ma's stinging public criticism of the country's regulat...
- Alibaba thanks Chinese regulators for imposing record $2.8 billion fineIt’s a sign of how odd China’s crackdown on the power of big tech has been compared with the rest of the world.
- China fines Alibaba record $2.75 bn for anti-monopoly violationsThe ruling Communist Party is tightening control over China's biggest e-commerce and other internet companies and has warned them not to us...
- Timeline: Events leading up to China's $2.75 billion fine on AlibabaThe Alibaba business empire has come under intense scrutiny in China since its billionaire founder Jack Ma's stinging public criticism of t...
- Big tech firms concerned over antitrust scrutiny in ChinaAlibaba found itself in the centre of the regulatory storm in December last year as China's market watchdog launched an investigation of th...
- China denies plan for $1 billion Alibaba fine, but tech firms take a blowAlibaba, China's largest online shopping portal, has been in the crosshairs of authorities in recent months over concerns of its reach into...
- China fines 3 online vendors for misreported prices, salesThe ruling Communist Party encourages e-commerce and other online industries but worries about the dominance of major competitors. Party le...
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