Page 12 - Mark Tanner News Today

Jack Ma’s double whammy marks end of the golden age for Chinese tech firms The companies’ growing influence over every aspect of Chinese life became apparent as they became the conduits through which many of the nation’s 1.3 billion people bought and paid for things Bloomberg The full implications of Beijing’s rapid-fire moves against Jack Ma’s (馬雲) Internet empire in will not become apparent for weeks, but one lesson is already clear: The glory days for China’s technology giant...

To view all features and options, click here. A monthly subscription is charged pro rata, based on the day of purchase. This is non-refundable and includes a R5 once-off sign-up fee. A yearly subscription is refundable within 14 days of purchase and includes a 365-day membership. The unspoken message to Ma and his cohorts was the decade of unfettered expansion that created challengers to Facebook Inc. and Google was at an end. Gone are the days when giants like Alibaba, Ant or Tencent could ste...

The overhaul will transform Ant into a financial holding company and its payments app will be opened up to competitors.

Ant will now effectively be supervised more like a bank, a move with far-reaching implications.. Read more at straitstimes.com.

China won't be labelled a currency manipulator by the U.S. Jack Ma's fortune jumps as Ant agrees to a drastic revamp. Bitcoin nears an all-time high.

Ant will now be supervised more like a bank, a move with far-reaching implications for growth

Religious leaders in central Maine split on Mills’ house of worship order Under the governors order, houses of worship may now accommodate five people per 1,000 square feet of space, or up to 50 people, whichever is greater. Share The Universalist Unitarian Church on Silver Street in Waterville has conducted its services virtually since the middle of March 2020. Morning Sentinel file Bishop Robert Deeley of the Roman Catholic Diocese of Portland objected Thursday to Gov. Janet Mills’ new...

WeChat has helped make Tencent the largest company in Asia and propelled its market capitalisation to US$800bil, the sixth biggest globally. While WeChat does not have to worry about foreign competition, it is facing a fierce fight from emerging domestic rivals like ByteDance. — SCMP Chen Channing, a 30-year-old legal professional in Shenzhen, cannot go a day without WeChat, the all purpose app developed by Chinese tech giant Tencent Holdings. Before he brushes his teeth in the morning, Chen ...

The move by the Communist Party’s aims to crackdown on the billionaire's sprawling dominion, spanning everything from e-commerce to

SHARE China kicked off an investigation into alleged monopolistic practices at Alibaba and summoned affiliate Ant Group to a high-level meeting over financial regulations, escalating scrutiny over the twin pillars of billionaire Jack Ma’s internet empire. The State Administration for Market Regulation is investigating Alibaba, the top antitrust watchdog said in a statement. Regulators, including the central bank and banking watchdog, will separately summon affiliate Ant to a meeting intended ...