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Alibaba’s pledge was one of 11 released on Friday by tech firms such as video streaming site iQiyi, search engine Sogou and food delivery platform Ele.me The company said separately that trial programme for merchants on its Tmall platform would begin on April 19
The State Administration for Market Regulation accuses tech giants involved in community group buying of price dumping in a bid to dominate the market. The latest crackdown on Big Tech comes ahead of Beijing’s key political meeting known as the ‘two sessions’.
BEIJING: January has proved to be a big month revenue-wise for China’s major listed companies specialising in courier, delivery or logistics services.
HONG KONG: SF Holding Co Ltd, one of the largest Chinese package-delivery services, is seeking to acquire control of tycoon Robert Kuok’s Kerry Logistics Network Ltd in a HK$17.6bil (US$2.3bil) deal, Bloomberg reported.
HONG KONG: SF Holding Co., one of the largest Chinese package-delivery services, is seeking to acquire control of tycoon Robert Kuok’s Kerry Logistics Network Ltd. in a HK$17.6 billion ($2.3 billion) deal.
In the past, few plaintiffs have successfully won cases relating to abuse of market dominance, says an analyst. The legal environment for monopoly cases could be set for change after Beijing named antitrust as one of its top agenda issues for 2021.
China’s antitrust watchdog fined Alibaba Group Holding Ltd and a Tencent Holdings Ltd unit over a pair of years-old acquisitions and said it’s reviewing an impending Tencent-led merger, signaling Beijing’s intention to tighten oversight of Internet sector deals.
CAIRO (Reuters) - Mohamed Yattara scored a brace of goals as Guinea defeated 10-man Burundi 2-0 in their Africa Cup of Nations Group B clash on Sunday to give themselves a strong chance of a place in the knockout stages.
SEOUL (Reuters) - U.S. President Donald Trump is set to visit the demilitarised zone (DMZ) separating North and South Korea on Sunday, hoping for a third encounter with North Korean leader Kim Jong Un to revive stalled nuclear talks.
MADRID (Reuters) - Thousands protested in Madrid on Saturday against the suspension of curbs on polluting cars by the new conservative city hall, raising fears that environmental rollbacks seen in the United States may be spreading to Europe.