Anti-monopoly fine pushes Alibaba to first operating loss as public company
- 3 years ago
- Business
China's top e-commerce platform Alibaba Group Holding Ltd (9988.HK), on Thursday posted its first quarterly operating loss since going public
China's top e-commerce platform Alibaba Group Holding Ltd (9988.HK), on Thursday posted its first quarterly operating loss since going public
It's been a tough week for Chinese tech firms.
Over the weekend, Chinese billionaire Jack Ma's e-commerce giant Alibaba was
China slapped a record $2.75 billion antitrust fine on Alibaba Group Holding Ltd on Saturday, after regulators determined the e-commerce giant had
Chinese tech giant Alibaba said on Monday that it accepted a record penalty imposed by the country's anti-monopoly regulator.
Chinese regulators said on Saturday they have fined Alibaba Group Holding Ltd a domestic record $2.75 billion for antitrust violations, amid an
SHANGHAI/HONG KONG - Chinese regulators have fined Alibaba Group Holding Ltd 18 billion yuan ($2.75 billion) for violating anti-monopoly
Jack Ma was about to become the richest man in China.
In November 2020, on the eve of another commercial success, the outspoken
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Jack Ma's tech empire may still be facing tough new regulations in China, but Alibaba seems to have won at least a little bit of favor this
New anti-monopoly rules for China's tech giants were introduced on Sunday.
The guidelines, which formalise draft laws released in
Amazon and Alibaba, the two biggest players in online retail, have both unveiled stellar results. But the American and
Chinese e-commerce giant Alibaba has posted strong results for the last quarter of 2020.
The company founded by Jack Ma saw revenues up
Alibaba is coming off what was likely a big quarter for its e-commerce business. But China's most famous tech firm is still poised to face
Alibaba Group founder Jack Ma has been left off a list of Chinese entrepreneurial leaders published by state media - the snub underscoring how
Alibaba suffered its worst one-day decline ever since going public in 2014 after Chinese regulators opened an antitrust investigation into the
Alibaba has moved to ease tensions with Donald Trump, as the US president continues to threaten Chinese firms. Chief executive
The foundations of Chinese e-commerce giant Alibaba and its co-founder Jack Ma said on Wednesday they had sent medical equipment, including masks
Two cargo flights transporting medical supplies donated by the Jack Ma Foundation and Alibaba Foundation for the fight against COVID-19 arrived in