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SINGAPORE (Reuters) - Indonesian ride-hailing and payments firm Gojek and e-commerce leader Tokopedia are in advanced talks to seal a $18 billion merger ahead of a potential dual listing in Jakarta and the United States, people with knowledge of the matter said on Tuesday.
Several Western media outlets have reported the disappearance of Jack Ma, China’s most prominent businessman, and co-founder of e-commerce and entertainment giant Alibaba. Some reports claim Ma hasn’t been seen in public for some two months.
US President Donald Trump signed an order banning US transactions with eight digital Chinese payment platforms including Ant Group Co’s Alipay in 45 days, when he’ll no longer be in office.
HONG KONG (Reuters) - China's Alibaba Group Holding Ltd plans to raise at least $5 billion through the sale of a U.S. dollar-denominated bond this month, four people with knowledge of the matter said, amid regulatory scrutiny of co-founder Jack Ma's empire.
WASHINGTON (Reuters) - U.S. President Donald Trump on Tuesday signed an executive order banning transactions with eight Chinese software applications, including Ant Group's Alipay mobile payment app, the White House said, escalating tensions with Beijing two weeks before President-elect Joe Biden takes office.
China’s Internet erupted in mirth at America’s troubled democracy after supporters of President Donald Trump broke into the US Capitol, comparing the chaos to the Hong Kong anti-government protests of 2019.
Joe Biden will be sworn into office in two weeks and it is not clear whether he plans to implement Trump’s new order, which is meant to take effect in 45 days. Alipay has more than one billion users and 80 million merchants in China but the app was only downloaded 207,000 times in the US last year.
Alibaba antitrust probe presents new challenges for China’s regulators 12 years after implementation of anti-monopoly law
Beijing has been cautious when it comes to regulatory probes but few of the previous cases rival Alibaba’s in terms of business complexity and market size. Regulatory probes into abuse of market position usually ended in fines being imposed, according to the Post’s review of past cases.
The box looked like an old VCR, the controller was comically large, and it was made by one of the most boring companies on earth. Somehow, the Xbox triumphed and gave Microsoft Corp the first-and last-successful video game console brand from an American company since Atari.
HONG KONG (Reuters) - China plans to push tech giants including Ant Group, Tencent and JD.com to share consumer loan data to prevent excess borrowing and fraud, two people with knowledge of the matter said, in Beijing's latest tightening of scrutiny.