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Alibaba CEO Daniel Zhang said on Monday he does not expect any material impact from the change of exclusivity arrangement imposed by China's regulators, after an anti-trust probe found the firm had abused its dominant market position.

By Reuters Staff 2 Min Read FILE PHOTO: A view shows a Huawei logo at Huawei Technologies France headquarters in Boulogne-Billancourt near Paris, France, February 17, 2021. REUTERS/Gonzalo Fuentes SHENZHEN, China (Reuters) -Chinese telecoms equipment maker Huawei Technologies will invest more in businesses that are less reliant on advanced process techniques, it said on Monday, citing U.S. sanctions that have reduced its access to high-end semiconductors. Huawei’s rotating chairman, Eric Xu, ...

By Reuters Staff Slideshow ( 2 images ) (Reuters) - Reports by users showed issues on Monday with the websites of Delta Air Lines and American Airlines, according to Downdetector.com. People familiar with the matter said there seemed to be an outage on ITA, a system run by Google that many U.S. airlines use for their bookings. United Airlines also appeared to be impacted by the issue. Reporting by Tracy Rucinski; Editing by Chris Reese

Slideshow ( 5 images ) SHANGHAI (Reuters) - The world is going through an unprecedented chip shortage, Zhou Zixue, a senior official with the China Semiconductor Industry Association, said on Wednesday, after semiconductor sales grew 18% last year. “If you are an experienced player, you will remember that in 1999 there was a similar crisis in this industry, but it was way smaller,” Zhou, chairman of Semiconductor Manufacturing International Corp (SMIC), said in remarks at SEMICON China. “...

By Reuters Staff 2 Min Read BEIJING (Reuters) - China’s market regulator on Tuesday tightened scrutiny over the country’s booming livestreaming e-commerce platforms, where internet influencers sell goods directly to consumers, citing concerns about poor quality products and misleading advertising. The State Administration of Market Regulation (SAMR) recently met several livestreaming e-commerce companies, which presented self-disciplinary measures, the agency said in a statement, without na...

Slideshow ( 5 images ) SHANGHAI (Reuters) - The world is going through an unprecedented chip shortage, Zhou Zixue, a senior official with the China Semiconductor Industry Association, said on Wednesday, after semiconductor sales grew 18% last year. “If you are an experienced player, you will remember that in 1999 there was a similar crisis in this industry, but it was way smaller,” Zhou, chairman of Semiconductor Manufacturing International Corp (SMIC), said in remarks at SEMICON China. “...

By Reuters Staff Slideshow ( 3 images ) BEIJING (Reuters) - China’s market regulator said on Friday it had fined 12 companies related to 10 deals that violated anti-monopoly rules. The companies included Baidu Inc, Tencent Holdings, Didi Chuxing, SoftBank and a ByteDance-backed firm, the State Administration for Market Regulation (SAMR) said in a statement on Friday. The companies were fined 500,000 yuan ($77,000) each for behaviour that caused market concentration but did not exclude all com...

By Reuters Staff Slideshow ( 3 images ) BEIJING (Reuters) - China’s market regulator said on Friday it had fined 12 companies related to 10 deals that violated anti-monopoly rules. The companies included Baidu Inc, Tencent Holdings, Didi Chuxing, SoftBank and a ByteDance-backed firm, the State Administration for Market Regulation (SAMR) said in a statement on Friday. The companies were fined 500,000 yuan ($77,000) each for behaviour that caused market concentration but did not exclude all com...

Canada's main securities regulator has cleared the launch of the world's first bitcoin exchange traded fund, an investment manager said on Friday, providing investors greater access to the cryptocurrency that has sparked an explosion in trading interest.

By Reuters Staff 3 Min Read LONDON, March 9 (Reuters) - Komainu, the digital asset custodian backed by Japanese investment bank Nomura Holdings Inc , has raised $25 million in a funding round led by veteran hedge fund manager Alan Howard, the company said on Tuesday. Other investors in the round included Galaxy Digital, NOIA Capital and Nomura Research Institute, which will act as strategic partners to the custodian, Komainu said. Howard is the co-founder of investment firms Brevan Howard, and ...