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Last year’s backlash against Facebook Inc’s planned digital currency Libra would have been most CEOs’ worst nightmare.
Chinese regulators on Dec 24 announced an anti-monopoly investigation of e-commerce giant Alibaba Group, stepping up official efforts to tighten control over China’s fast-growing tech industries.
In the aftermath of the coronavirus, governments can reimagine capitalism by giving all of us a stake in the most valuable byproduct of our day-to-day living: data
Chinese regulators have ordered Ant Group, the world’s largest financial technology company, to rectify its businesses and comply with regulatory requirements amid increased scrutiny of anti-monopoly practices in the country’s Internet sector.
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 country’s most powerful corporations.
The legislation was hailed by tech leaders as a milestone for the ‘governing the digital industry according to the law’. Zhejiang’s new regulations come amid a countrywide focus on data and digital infrastructure.
The recent death of a Pinduoduo Inc employee renewed criticism of the long hours commonly practiced at China’s tech companies, which are already under scrutiny by regulators for anti-competitive business practices.
BEIJING (Reuters) - Alibaba founder Jack Ma's absence from public view in the past two months, including missing the final episode of a TV show on which he was to appear as a judge, has fueled social media speculation over his whereabouts amid a Chinese regulatory clampdown on his sprawling business empire.
Pinduoduo employee’s death renews controversy over China’s 996 overwork culture, sparking an investigation
News of a Pinduoduo employee’s death went viral online as netizens connected it to the Chinese tech industry’s brutal ‘996’ work schedule. The e-commerce company did not mention the employee’s long working hours, but Shanghai authorities opened an investigation into the company’s labour conditions.
Alibaba Group will close its music streaming platform Xiami Music next month, in a move that marks a step back from its ambitions to push into China’s entertainment industry.