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China’s livestreamers use fake traffic and virtual gifts to draw real eyeballs
The practice of paying for fake accounts to boost livestream viewer counts and virtual gift purchases is an ‘open secret’ in the industry, experts say. Reasons range from pushing up live streams in recommendation rankings to earning fatter commissions from brands, but regulators are catching on.
Cutting-edge technology fuels 11.11 shopping festival
ALIBABA Cloud, the digital technology and intelligence backbone of Alibaba Group, revealed the cutting-edge technologies rolled out in support of this year’s 11.11 Global Shopping Festival.
U.S.-listed Chinese firms trade lower
NEW YORK, Nov. 30 (Xinhua) -- U.S.-listed Chinese companies traded roughly lower on Monday, with all the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on a downbeat note.
China’s top watchdog vows ‘special’ oversight of fintech giants
China plans to impose “special and innovative regulatory measures” on financial technology behemoths such as Jack Ma’s Ant Group Co to eliminate monopolistic practices and strengthen risk controls.
To avoid tech’s antitrust troubles, India tries a hard 30% cap
From Washington to Beijing, governments are trying to strike the right balance between enabling technology innovation and preventing giants like Google and Facebook Inc from suffocating rivals. Now India is experimenting with a framework for financial technology that’s certain to provide lessons worldwide – succeed or fail.
Tata near deal to buy Alibaba-backed Indian grocer
MUMBAI: India’s Tata Group is in advanced talks to buy as much as 80% of BigBasket in a deal that is likely to value the local online grocer backed by Alibaba Group Holding Ltd at about US$1.6bil, a person familiar with the matter said.
Alibaba's Cainiao in talks with Chinese vaccine makers over logistics
BEIJING/SHANGHAI (Reuters): Alibaba Group's Cainiao is in talks with Chinese vaccine makers over Covid-19 vaccine logistics, a spokeswoman said on Thursday (Dec 3), as the company launched a partnership with Ethiopian Airlines to transport medicine to the Middle East and Africa.
Singapore picks Grab, Ant Group, others for four digital banking licences
SINGAPORE (Reuters) - A venture between Singapore Telecommunications and ride-hailing firm Grab and internet platform company Sea Ltd are among four applicants chosen to operate Singapore's first digital banks, in the city-state's biggest banking shakeup in two decades.
Ant, Grab's venture and Sea to usher in Singapore digital banking
SINGAPORE, Dec 4 (Reuters) - Southeast Asian ride-hailing firm Grab's venture with Singtel and internet platform company Sea Ltd have each won licences to run Singapore's first digital banks, in the city-state's biggest banking shakeup in two decades.
AmCham says China still a magnet for US firms
CHINA, Dec 8 (China Daily/ANN) - China's renewed business momentum will spur US companies in the country and encourage them to tap new growth opportunities in emerging business sectors next year, said a senior US business representative on Monday.
