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Regulators in recent months have cracked down, accusing companies of building monopolies and restricting consumers' choices

China directs Alibaba, Tencent to open platforms to each other: Report

Sep 11, 2021

China's internet is dominated by a handful of technology giants who have historically blocked links and services by rivals on their platforms, creating what analysts have described as "walled gardens"

Chinese President Xi Jinping

China looks at 'rejuvenation' through tighter control over tycoons, society

Sep 08, 2021

Since taking power in 2012, Xi has called for the party to return to its “original mission” as China's economic, social and cultural leader and carry out the "rejuvenation of the great Chinese nation"

Alibaba Group

Chinese prosecutors drop case against ex-Alibaba worker accused of sexual assault

Sep 07, 2021

The worker, recognized by his surname Wang, was detained by police final month after a feminine Alibaba worker posted an 11-page account on Alibaba’s intranet saying a supervisor and a shopper sexually assaulted her throughout a enterprise journey to Japanese China’s Jinan metropolis

Alibaba

Alibaba dismisses 10 employees for leaking sexual assault accusations

Aug 30, 2021

The company fired the 10 employees for sharing screenshots of the woman's post in the public domain after removing watermarks that bore their IDs.

Alibaba Holding Group, Tencent Music Entertainment Group, Didi Global and iQiyi Inc advanced between 1% and 4.5%

Over $560 bn wiped from China markets within a week as regulator clampdowns shatters confidence

Aug 21, 2021

More than $560 billion in market value has been wiped off Hong Kong and mainland China exchanges in a week as funds capitulate out of once-favoured stocks, unsure which sectors regulators will target next

Tencent Holdings (Source:Reuters)

China targets WeChat, 42 other apps for violating data transfer rules

Aug 18, 2021

The apps included Tencent Holdings Ltd's WeChat along with other apps from Alibaba Group Holding Ltd and travel giant Trip.com

Since June, China indexes of clean energy stocks and semiconductor firms are up more than 30% compared with a 5% fall in the broader market and a 15% drop in Hong Kong tech shares

Investors in China go for renewables, chips to avoid regulatory action

Aug 12, 2021

Money managers view months of crackdowns that have hammered shares in sectors from tutoring to big tech as part of a major push from China's Communist Party leadership to pursue common prosperity at the expense of private-sector profit

The incident caused a storm on Chinese social media and a public backlash against Alibaba

China anti-graft body criticizes business drinking after Alibaba scandal

Aug 11, 2021

"In the incident, an unhealthy dynamic in a working environment, a disgusting drinking culture, a lack of transparency when reporting issues together exposed pervasive, deeply rooted unspoken rules," China's Central Commission for Discipline Inspection said

The incident became public when a female staffer at the e-commerce giant posted an 11-page account on Alibaba-backed Weibo

Alibaba Group fires manager accused of sexual harassment, says ‘will never be rehired’

Aug 10, 2021

The manager who worked with Alibaba’s City Retail Unit “has been fired and will never be rehired”, Alibaba Group CEO Zhang said in a memo

Sharma does not own the minimum 20 per cent stake as required under the guidelines of SEBI for promoters.

Paytm's board to take critical decisions about co, not Vijay Shekhar Sharma

Aug 04, 2021

Sharma will be involved in the management and affairs of the company, but his role will be limited to his professional capacity as MD and CEO.

The results come amid an ongoing Chinese regulatory crackdown on industry, during which Alibaba has become one of the main targets (Source:Reuters)

Alibaba misses revenue estimates as e-commerce growth slows, regulatory crackdown persists

Aug 03, 2021

Alibaba's results mirror those of e-commerce giant Amazon.com Inc in the United States, as the easing of pandemic-related restrictions has led to more consumers visiting physical stores rather than ordering online