Chinese regulators have fined Alibaba Group Holding Ltd 18 billion yuan ($2.75 billion) for violating anti-monopoly rules and abusing its dominant market position, marking the highest-ever antitrust fine to be imposed in the country.

China fines Alibaba record $2.75 billion for anti-monopoly violations 

Chinese e-commerce platforms are selling t-shirts, umbrellas, handbags, lighters and mobile phone cases bearing phrases used by the country's top diplomat during a testy exchange with US officials in Alaska.

Chinese e-commerce platforms selling accessories of testy exchange with US officials in Alaska

Chinese regulators have fined 12 companies. A report claims Alibaba is being asked to sell its media assets. Brands like BMW and Kohler are being criticised for using facial recognition technology. WION's Palki Sharma tells you more about China's big business crackdown.

Gravitas: Big business faces a crackdown in China

China is considering imposing a record fine of nearly $1 billion on e-commerce giant Alibaba for allegedly flouting monopoly rules, according to a report, as authorities continue to put the screws on the firm as part of a crackdown on the technology sector.

China eyes record monopoly fine near $1 billion for Alibaba: Report

South Korean e-commerce giant Coupang has raised $4.2 billion in its initial public offering that makes it the biggest listing in the United States so far this year.

Coupang's IPO takes Harvard dropout into mega-billionaire club

A Chinese entrepreneur is selling a pensive statue of former US President Donald Trump sitting cross-legged and with his eyes closed in a zen position, draped in a robe, a pose associated with Buddha.

Chinese entrepreneur selling Donald Trump's Buddha statue at this price

Alibaba Group founder Jack Ma has been left off a list of Chinese entrepreneurial leaders published by state media, the snub underscoring how just far he has run afoul of Beijing.

Chinese state media omits Jack Ma's name from list of entrepreneurial leaders

Alibaba's founder Jack Ma has reappeared nearly 3 months after he went missing from the public eye. Where was Ma? Does his reappearance necessarily mean good news for Alibaba? Palki Sharma Upadhyay has the details.

Gravitas: Jack Ma reappears

Jack Ma, the founder of Alibaba Group, has finally reappeared nearly three months after he went missing from the public eye. He was recorded speaking to teachers from rural China and told them, "we will meet again after the epidemic is over".

As Jack Ma reappears, is there status quo in China?

Alibaba founder Jack Ma made his first public appearance after disappearing from public view a few months ago after criticising Chinese banking rules in a speech in Shanghai on October 24.

Alibaba's Jack Ma makes first public appearance after months via video link

The Trump administration is considering adding Alibaba Group Holding Ltd and Tencent Holdings Ltd to a blacklist of Chinese companies that are allegedly owned or controlled by the Chinese military.

US considering adding Alibaba, Tencent to China stock ban

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.

Alibaba plans $5 billion bond this month amid regulatory scrutiny

Chinese tycoon Jack Ma’s fortune has been hit hard as Chinese authorities crack down on his empire. According to Bloomberg, Jack Ma has lost $11 billion since China upped its scrutiny of tech giants in October.

China's crackdown on Alibaba's Jack Ma cost him $11 billion

China's financial regulators urged Ant Group on Sunday to outline a concrete plan as soon as possible to meet regulatory demands and fully understand the seriousness of the "rectification" work it needs to perform.

China financial regulators urges Ant Group to set 'rectification' plan swiftly

In China, Jack Ma is synonymous with success. The English teacher turned internet entrepreneur is the country’s richest person. He founded Alibaba, the closest thing that Amazon has to a peer and rival.

Why China turned against Jack Ma

China has launched an investigation into Alibaba Group for suspected monopolistic behaviour and will summon its Ant Group to meet in coming days. Regulators will also hold "supervisory and guidance" talks with Alibaba's gigantic financial services subsidiary Ant Group, state media reported, just weeks after its record-breaking IPO was halted at the last minute by Beijing.

China launches anti-monopoly probe into Alibaba

Fashion label Gucci will open two flagship stores on Alibaba`s online luxury shopping platform, underscoring the importance of the Chinese market for high-end brands seeking to reverse a revenue slide due to the coronavirus pandemic.

Gucci joins hands with Alibaba's luxury e-commerce site to woo Chinese consumers

US FDA advisory panel endorses Moderna coronavirus vaccine A panel of outside advisors to the US Food and Drug Administration (FDA) has overwhelmingly endorsed emergency use of Moderna Inc's coronavirus vaccine | READ MORE Oxford says Covid-19 vaccine has good immune response with 2-dose regime Researchers from the University of Oxford and pharmaceutical major AstraZeneca said that Oxford’s Covid-19 vaccine candidate has a better immune response when a two full-dose regime is used rather than a full-dose followed by a half-dose booster | READ MORE Alibaba clarifies won't allow its tech to target, identify ethnic groups Alibaba Group has said it would not allow its technology to be used for targetting and identifying specific ethnic groups, following a report that its facial recognition technology can pick out Uighur minorities | READ MORE Over 300 Nigerian schoolboys released after mass kidnapping More than 300 Nigerian schoolboys were released on Thursday after being abducted in an attack claimed by Boko Haram | READ MORE To counter China, US Navy to be 'more assertive' US military warned on Thursday that US warships will be "more assertive" against international law violations particularly by China | READ MORE Babies born to COVID-19 mothers have antibodies, Singapore study finds All five babies born to women with COVID-19 infection during a study in Singapore have had antibodies against the virus, although the researchers said it is not yet clear what level of protection this may offer | READ MORE Huawei to build network equipment factory in France China's Huawei is planning to press ahead with a roll-out despite French curbs on firms using its 5G gear | READ MORE Microsoft says it found malicious software in its systems Microsoft Corp said on Thursday it found malicious software in its systems related to a massive hacking campaign disclosed by U.

Morning news brief: More on Covid vaccine, Alibaba's clarification, and more

Alibaba Group has said it would not allow its technology to be used for targetting and identifying specific ethnic groups, following a report that its facial recognition technology can pick out Uighur minorities.

Alibaba clarifies won't allow its tech to target, identify ethnic groups

Gucci joins Alibaba's luxury e-commerce site to woo Chinese consumers

A new report claims that technology giant Alibaba Group Holding Ltd has facial recognition technology which can specifically pick out members of China's Uighur minority.

Alibaba facial recognition tech can specifically pick out Uighur minority, new report says

China's market regulator said on Monday it will fine Alibaba Group, Tencent Holdings-backed China Literature and Shenzhen Hive Box 500,000 yuan

China to fine Alibaba, Tencent for failing to report past deals to anti-trust regulators

China's market regulator said on Monday it will fine Alibaba Group, Tencent Holdings-backed China Literature, and Shenzhen Hive Box 500,000 yuan ($76,464.29) each for not reporting deals properly for anti-trust reviews.

China fines Alibaba, Tencent under anti-monopoly law

On Wednesday, Alibaba was in the news for its Singles Day shopping season. 11 days. Millions of orders. And deals worth 74 billion dollars. Yet on the same day, its shares plunged almost 10 per cent.

Chinese Communist Party tries to intimidate Alibaba's Jack Ma

alibaba

Alibaba, News on Alibaba, stories on Alibaba, articles on Alibaba, Alibaba stories at Wion, Alibaba news, Alibaba latest news