China warns 34 tech firms to curb excess in antitrust review

China ordered 34 Internet corporations Tuesday to rectify their anti-competitive practices within the next month, signalling that Beijing’s scrutiny of its most powerful firms hasn’t ended with the conclusion of a probe into Alibaba Group Holding Ltd.

China’s Ant Group to form a financial holding company after regulatory clampdown

Regulators have instructed Ant Group to form a financial holding company under their supervision as well as shrink its money market fund Yu’ebao. The revamp sets the clock ticking again on Ant Group’s countdown to IPO.

Jack Ma’s fortune jumps US$2bil after record Alibaba fine

China just slapped a record antitrust fine on Alibaba Group Holding Ltd. The company thanked the government and investors breathed a sigh of relief.

GLOBAL MARKETS-Stocks slip from record peaks before earnings reports

NEW YORK: The dollar fell slightly on Monday and a gauge of global equity markets slid from record highs last week as investors wait to see whether an expected jump in U.S. earnings will justify stock prices already trading at very high premiums.

Alibaba: Antitrust penalty won’t harm business

Ant Group to restructure under central bank agreement

BEIJING (Reuters) - Ant Group, the fintech affiliate of Alibaba Group Holding Ltd, will restructure as a financial holding company, China's central bank said on Monday, Ant has formed a "comprehensive and feasible restructuring plan," at the urging of financial regulators, the People's Bank of China (PBOC) said.

Alibaba shrugs off US$2.75 bil antitrust fine, shares rally

SHANGHAI: Alibaba does not expect any material impact from the antitrust crackdown in China that will push it to overhaul how it deals with merchants, its CEO said on Monday, after regulators fined the e-commerce giant $2.75 billion for abusing market dominance.

Record Alibaba fine shows China’s big tech can’t fight back

After China imposed a record antitrust fine on Alibaba Group Holding Ltd, the e-commerce giant did an unusual thing: It thanked regulators.

Grab’s US$34bil SPAC deal puts South-East Asia tech on the map

Grab Holdings Inc and Traveloka are poised to become public companies in coming months, kickstarting a coming-out party for South-East Asia’s long-overlooked internet scene.

Alibaba shrugs off $2.75 billion antitrust fine, shares rally

SHANGHAI (Reuters) -Alibaba Group Holding Ltd does not expect any material impact from the antitrust crackdown in China that will push it to overhaul how it deals with merchants, its CEO said on Monday, after regulators fined the e-commerce giant $2.75 billion for abusing market dominance.