Alibaba

China Imposes Record Fine on Alibaba

Chinese regulators hit e-commerce giant Alibaba with a staggering $2.78 billion fine for alleged antitrust violations Saturday, seizing about four percent of the company’s annual revenue with the largest corporate penalty the Chinese government has ever assessed.

SEATTLE, WA - SEPTEMBER 23: Jack Ma, CEO of Alibaba listens as Chinese President Xi Jinping speaks at a U.S.-China business roundtable, comprised of U.S. and Chinese CEOs on September 23, 2015, in Seattle, Washington. The Paulson Institute, in partnership with the China Council for the Promotion of International Trade, …

Sharp Power: China Punishes Sweden’s H&M for Objecting to Uyghur Slave Labor

China’s latest exercise of “sharp power” – using economic leverage to impose its political agenda on the free world – targets H&M, a Swedish fashion company. The clothing company was surprised to find itself threatened with boycotts and banned by major Chinese e-commerce platforms Wednesday over months-old social media posts expressing concern about China’s use of Uyghur Muslim slave labor in Xinjiang province.

People walk out from a store of Swedish clothing giant H&M in Beijing on March 25, 2021. (Photo by NICOLAS ASFOURI / AFP) (Photo by NICOLAS ASFOURI/AFP via Getty Images)

China to Crack Down on ‘Unregulated Expansion of Capital’

The Chinese Communist Party’s (CCP) annual legislative meeting this weekend will take action against the “unregulated expansion of capital,” according to Premier Li Kequiang, signaling another regulatory beating to teach outspoken tech billionaires who is truly in charge of the Chinese economy.

BEIJING, CHINA - MARCH 05: Chinese Premier Li Keqiang speaks at the opening session of the National People's Congress at the Great Hall of the People on March 5, 2021 in Beijing, China. The annual political gatherings of the National Peoples Congress and the Chinese People's Political Consultative Conference, known …

China Targets Its Tech Giants with Anti-Monopoly Rules

China’s State Administration for Market Regulation (SAMR) released the final version of its new antitrust rules on Sunday, evidently concluding a debate within the Chinese Communist Party (CCP) over how China’s high-flying technology titans should be reined in. The final draft of the rules places heavy new restrictions on firms like Alibaba, but the rules are not as stifling as they could have been.

Alibaba

Report: China Pressuring Jack Ma to Surrender Alibaba’s Huge Trove of Consumer Data

Voice of America News (VOA) reported Monday that a theory about the curious disappearance of Chinese billionaire Jack Ma is growing in credibility among foreign observers: the true goal of the Chinese Communist Party (CCP) is pressuring Ma into handing over the vast trove of consumer credit data accumulated by his Alibaba e-commerce company and its titanic financial services offshoot, the Ant Group.

SEATTLE, WA - SEPTEMBER 23: Jack Ma, CEO of Alibaba listens as Chinese President Xi Jinping speaks at a U.S.-China business roundtable, comprised of U.S. and Chinese CEOs on September 23, 2015, in Seattle, Washington. The Paulson Institute, in partnership with the China Council for the Promotion of International Trade, …

Chinese Media: Missing Billionaire Jack Ma Is ‘Embracing Supervision’

A few days after international media noticed that not only did Chinese tech tycoon Jack Ma lose much of his corporate empire and $12 billion of his net worth after criticizing the Communist Party in late October, but he also appears to have vanished from the face of the Earth, Hong Kong’s Asia Times Financial (ATF) reported Chinese state media are claiming Ma has “embraced supervision,” while Beijing’s army of Internet trolls denounces him as a greedy traitor.

Alibaba

China Launches Antitrust Probe of Tech Giant Alibaba

China’s State Administration for Market Regulation (SAMR), its top market regulation agency, announced the launch of an antitrust probe into tech giant Alibaba on Thursday. Outside observers saw the investigation as another element of the Communist elite nervously attempting to curtail the power of China’s richest man, Alibaba owner Jack Ma. 

This file photo taken on August 28, 2020 shows an employee working on a computer at the Alipay reception of the Shanghai office building of Ant Group in Shanghai. - China's Ant Group must postpone its record-breaking IPO, the Shanghai Stock Exchange said on November 3, as the fintech giant …

Chinese City Considers Permanent Health Tracking System

The Chinese city of Hangzhou is considering proposals to make the smartphone-based coronavirus health tracking system permanent, expanding it to include factors such as how much sleep citizens are getting, how much alcohol they drink, and how frequently they exercise.

TOPSHOT - People wearing facemasks as a preventative measure following a coronavirus outbreak which began in the Chinese city of Wuhan, line up to purchase face masks from a makeshift stall after queueing for hours following a registration process during which they were given a pre-sales ticket, in Hong Kong …

Hong Kong’s 2020 Lunar New Year Parade Canceled for Being ‘Too Risky’

Organizers of Hong Kong’s Lunar New Year parade, a major annual event since 1996, announced it will not be held in 2020 because its route through an area that has seen a great deal of protest activity over the past five months is “too risky.” The parade will reportedly be replaced by a carnival, which would be stationary and easy to secure.

Performers take part in the annual Lunar New Year parade in the Kowloon district of Hong Kong on February 5, 2019 to mark the Year of the Pig. (Photo by Anthony WALLACE / AFP) (Photo credit should read ANTHONY WALLACE/AFP via Getty Images)

Amazon’s Plan to Take Over India

E-commerce giant Amazon is reportedly in talks to acquire a 26 percent stake in a massive Indian retailer allowing the company to dominate a $200 billion market.

Jeff Bezos

Jack Ma Urges Chinese to Have More Sex as Communists Face Population Collapse

Alibaba head and Chinese multimillionaire Jack Ma used remarks at his company’s annual mass wedding to encourage Chinese couples to have sex six times a week for “marathon” sessions, outlets reported on Tuesday, a message in tune with the Communist Party’s efforts to increase national fertility as the country faces a population death spiral.

Alibaba Group Founder and Executive Chairman Jack Ma gestures as he speaks during a session of the World Economic Forum (WEF) annual meeting on January 23, 2015 in Davos. AFP PHOTO / FABRICE COFFRINI (Photo credit should read FABRICE COFFRINI/AFP/Getty Images)