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For investors who’d been waiting months to catch a glimpse of Jack Ma, the entrepreneur’s participation in a livestreamed video conference on Wednesday was enough to trigger a US$58bil (RM233.76bil) sigh of relief. That’s how much Alibaba Group Holding Ltd’s market value soared after a clip of Ma speaking to a group of teachers began circulating online – his first public comments since disappearing from view late last year.
When China’s two big mobile powers clashed publicly on New Year’s Eve, the stock of a little-known gaming company surged the most ever, minting a new billionaire in 38-year-old maverick entrepreneur Huang Yimeng.
Pony Ma overtakes Pinduoduo’s Colin Huang and Alibaba’s Jack Ma as the second-wealthiest person in China with a net worth of US$75bil. Tencent edged closer to joining the exclusive US$1 trillion club after Monday stock surge.
What would happen if online deliveries from China’s tech giants stopped overnight? This city offers a glimpse
It was not a failure of technology or the apps that caused the problems - the local government shut down infrastructure, such as restaurants and stores. Analysts say that slower adoption and usage of online platforms, as well as the lower availability of gig workers, contributed to the service disruption.
SoftBank Group Corp chief executive Masayoshi Son said on Friday he expects mass production of self-driving vehicles to start in two years.
China pledged to deepen antitrust enforcement across emergent sectors including on-demand Internet services, broadening a campaign to rein in the growing power of private firms.
Jack Ma was conspicuously absent from a list of China’s entrepreneurial greats published by state media Tuesday, underscoring how the the iconic Alibaba co-founder has run afoul of Beijing.
(Reuters) - China's Alibaba Group Holding Ltd beat estimates for third-quarter revenue on a pandemic-driven jump in e-commerce, but its shares dropped amid regulatory heat for founder Jack Ma's business empire.
SHANGHAI (Reuters) - Tencent Holdings Ltd on Wednesday named 37 companies it had blacklisted from future contracts and said it has fired more than 100 staff over embezzlement and bribery incidents.
ByteDance vs Tencent: Douyin bans financial, health care influencers from redirecting followers to Tencent’s WeChat and QQ
Finance videos, including those on economics and wealth management, are one of the most popular types of content on Douyin. ByteDance has previously complained about WeChat’s policy of banning links, including those from Douyin and its Feishu cloud office suite.