Alibaba vows to hike spending after first loss since 2012
Jack Ma’s flagship e-commerce firm swung to a 5.5 billion yuan ($852 million) net loss after the company swallowed a $2.8 billion fine for monopolistic behavior imposed by Beijing.
After $260 billion slide, Alibaba aims to show the worst is over
Alibaba has agreed to a record $2.8 billion penalty from Beijing and vowed to change certain practices deemed anti-competitive.
Trust me, you don’t want to be China's biggest billionaire
Conspicuous wealth attracts unwanted scrutiny. Beijing is wary of rich developers because they often load up on debt, thereby putting corporate China’s financial health at risk.
I wrote a book on Chinese history. It was stolen by pirates on Alibaba
The scale of counterfeiting in China is so vast that tackling it is an epic undertaking even for the supposedly uber-capable Chinese state
China’s regulatory war on Ant Group
Once the powerful central bank publicly turned against Ant, bureaucrats who had endorsed the group fell silent and other departments began to jump on the bandwagon.
Ant faces another setback in curbs on joint lending with banks
Jack Ma’s Ant Group Co. and China’s other fintech giants were dealt another blow by new rules that target a lucrative growth area — joint lending with banks. Banks must cap overall co-lending with internet platforms or other partners at no more than 50% of ...
Why is China cracking down on Alibaba?
Given the Chinese government’s huge regulatory power, investors are rightly anxious about Alibaba’s prospects.
Alibaba investors still uneasy after crackdown on Jack Ma’s empire
The Chinese giant is projected to unveil its slowest pace of third-quarter sales growth in five years on Tuesday, while confronting potentially the biggest crisis of its two-decade existence.
China’s crackdown will shake up world’s largest fintech market
The nation's financial watchdogs have made it their primary goal this year to curb the "reckless” push of technology firms into finance.
Jack Ma emerges for first time since crackdown on Ant and Alibaba
While his location is unknown, Ma's emergence in a public forum may help quell persistent rumors about his fate while Beijing pursues investigations into online businesses.
China issues rules to stop ‘unjustified’ use of foreign laws
The rules are effective immediately and allow authorities to ban the imposition of other jurisdictions’ laws on Chinese entities but will be difficult to enforce abroad.
Trump targets Ant’s Alipay, WeChat Pay and others in latest round of bans
The outgoing president's order bans U.S. transactions with eight Chinese software apps in 45 days, when he’ll no longer be in office.
