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China Slapped Alibaba with $2.75 Billion Fine for Breaking Antitrust Rules

10 April 2021, 2:58 am EDT By Alibaba Group Holding faces a record fine of 18.2 billion yuan (US$2.8 billion) for monopolistic business practices deemed an abuse of its dominant market position in China. The news comes after Chinas regulatory agency launched an investigation in December 2020, which is centered on Alibabas alleged antitrust practices. Alibaba Investigation: Chinas Push to Rein the Countrys Big Tech Alibaba had come under fire as Chinas State Administration for Market Regulation...
United States Hong Kong Lucy Peng Elaine Thompson Jack Ma China State Administration For Market Regulation

Berlin-based Startup is Bringing 'Conversational Commerce' to Whatsapp; Receives €6.4M ($7.5M) Funding

6 April 2021, 8:16 am EDT By   ( PhotoMIX Company from Pexels ) A Berlin-based startup successfully seeds €6.4 million ($7.5 million) to bring the growing e-commerce trend to Whatsapp and other chat apps. Charles, the e-commerce startup, was launched in 2020 by Artjem Weissbeck and Andreas Tussing and received seed funding led by Accel and HV Capital. The two had r...
Andreas Tussing Artjem Weissbeck Luca Bocchio Justin Sullivan Getty Ecommerce Software Photomix Company

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