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Chinese Bank Seeks to Reassure over Missing Star Dealmaker - New Delhi Times - India Only International Newspaper

The disappearance of a star Chinese dealmaker has left his bank struggling to reassure clients and staff, people with knowledge of the matter said on Monday, and has heightened concerns about "key man risk" for investors. Shares of China Renaissance Holdings 1911.HK fell by as much as 5% on Monday, following a record low in…
Hong Kong Cong Lin Kevin Xie Wium Malan Wang Wenbin Li Nan

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China fines Alibaba after anti-monopolistic investigation

China fines Alibaba after anti-monopolistic investigation By Reuters David Stanway and Scott Murdoch JOHANNESBURG - CHINA slapped a record 18  billion yuan (about R40bn) fine on Alibaba Group Holding on Saturday after an anti-monopoly probe found the e-commerce giant had abused its dominant market position for several years. The fine, about 4 percent of Alibaba’s 2019 domestic revenues, comes amid a crackdown on technology conglomerates and indicates that China’s antitrust e...
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Source: iol.co.za

China fines Alibaba record US$2.75b for anti-monopoly violations

SHANGHAI/HONG KONG (April 10): China slapped a record 18 billion yuan (US$2.75 billion) fine on Alibaba Group Holding Ltd on Saturday, after an anti-monopoly probe found the e-commerce giant had abused its dominant market position for several years. The fine, about 4% of Alibabas 2019 domestic revenues, comes amid a crackdown on technology conglomerates and indicates Chinas antitrust enforcement on internet platforms has entered a new era after years of laissez-faire approach. The Alibaba busin...
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China fines Alibaba record $2.75 billion for anti-monopoly violations - World

The logo of Alibaba Group is seen at its office in Beijing, China. — Reuters/File China slapped a record $2.75 billion fine on Alibaba Group Holding Ltd on Saturday, after an anti-monopoly probe found the e-commerce giant had abused its dominant market position for several years. The fine, about four per cent of Alibaba’s 2019 domestic revenues, comes amid a crackdown on technology conglomerates and indicates China’s antitrust enforcement on internet platforms has entered a new era after ...
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Source: dawn.com

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