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Page 216 - அலிபாபா குழு வைத்திருத்தல் லிமிடெட் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Jack Ma s double whammy marks end of the golden age for Chinese tech firms

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 giants are over. The Chinese government has imprinted its authority indelibly on the nation’s technology industry in the span of a few days. In landmark announcements, it handed a record US$2.8 billion fine to Alibaba Group Holding Ltd for abusing its market dominance, then ordered an overhaul of Ant Group Co.

In battle with US for global sway, China showers money on Europe s neglected areas

In battle with US for global sway, China showers money on Europe’s neglected areas The struggle between the U.S. and China for global influence has come to Europe’s gritty industrial backwaters, where China is steadily co-opting local economies starting with their railroads. China overtook the U.S. as the European Union’s biggest trading partner for goods last year, a historic turning point driven in part by Europeans’ hunger for Chinese medical equipment and electronics during the Covid-19 pandemic. Increasingly, those goods are arriving in Europe through a new trade corridor consisting of railroads, airport hubs and ports built with Chinese support, often as part of China’s Belt and Road Initiative, the giant global infrastructure effort aimed at binding China more closely to the rest of the world.

SoftBank Vision Fund profit nears $30 billion on Coupang

SoftBank Vision Fund profit nears $30 billion on Coupang
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Harvard Pedigrees Opened the Door to World s Biggest SPAC Deal

Harvard Pedigrees Opened the Door to World’s Biggest SPAC Deal SYNDICATED 9 hours ago (Bloomberg) A few years after launching Grab Holdings Inc. in 2012, Anthony Tan got a piece of advice from Jack Ma. The co-founder of Alibaba Group Holding Ltd. told the entrepreneur that life is a tsunami. When you’re up on the wave, get ready for the crash, he said.In 2020, that all came to pass. The coronavirus sent cities across Southeast Asia into lockdown. Demand for ride-hailing, a key business, plunged. Then around.

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