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Business was brisk at the HHB Music House on a recent Thursday night. The live music venue, located just a short taxi ride from Alibaba Group Holding Ltd’s headquarters, was crowded, with virtually all of the dozen or so tables and booths occupied by Jack Ma fans ordering Alibaba-themed cocktails with their Alibaba mobile app in the dark and listening to cover songs by the house band.
Tencent saw record growth in gaming in 2020, investing in nearly 30 companies as PUBG Mobile and Honour of Kings pulled in more than US$5bil. While Alibaba and ByteDance continue to push into gaming, miHoYo’s Genshin Impact became one of the hottest new titles without Tencent’s ecosystem.
ByteDance says Tencent is not approving a WeChat mini program for its cloud office software Feishu, known as Lark overseas. Blocking links and user access between apps is common practice in China’s competitive tech industry.
China’s top Internet watchdog canvassed public opinion on Jan 8 for a plan to update rules more than two decades old, aiming to widen oversight of online services to cover payment, shopping and livestreaming platforms.
(Reuters) - Shares of Tesla surged to a record high in heavy trading on Thursday, with the electric car maker's stock market value exceeding Facebook's for the first time.
Chinese Internet companies have been violating customers’ rights by misusing personal data and “bullying” people into purchases and promotions, a government-backed consumer association said on Jan 7.
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.
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.
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.
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.