Chinese e-commerce giant Alibaba Group Holding Ltd said on Sunday it has suspended several staff following an employee s allegations on the company s intranet that she was sexually assaulted by. | August 8, 2021
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BEIJING (Reuters) -China s market regulator is investigating a joint venture between e-commerce giant Alibaba Group and Minmetals Development, Minmetals said on Monday, amid a broad antitrust clampdown on internet firms.
Minmetals said in a statement that it received a notice from the State Administration for Market Regulation in recent days about an investigation into the joint venture formed in 2015, in which Alibaba transferred its 44% stake to an unrelated firm in 2019.
Alibaba declined to comment.
The investigation follows the record $2.75 billion antitrust fine imposed on Alibaba earlier this month.
On Tuesday, Minmetals said in a statement that according to its preliminary understanding, the company s e-commerce cooperation did not involve any violation of the anti-monopoly law, and there was no damage to the interests of customers, consumers, and investments.
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NEW DELHI (Reuters) - India s central bank has ordered digital payments firm MobiKwik to probe allegations that data of its 110 million users was breached, and warned that the company will face fines if lapses are found, a source with direct knowledge of the situation told Reuters on Thursday.
MobiKwik, which is backed by Sequoia Capital and India s Bajaj Finance, has faced growing criticism this week for denying a leak many customers and digital rights activists say is linked to the company s database.
The Reserve Bank of India (RBI) was not happy with the company s initial response and has asked it to act immediately, said the source, who declined to be named as the discussion between the RBI and the company was private.
China s antitrust regulators are considering levying a record fine on Alibaba Group Holding Ltd over suspected anticompetitive behavior, the Wall Street Journal reported on Thursday, citing people. | March 12, 2021
By Sha Hua HONG KONG The delivery man doused himself in gasoline and set himself on fire. Engulfed in flames, he protested for what he said were unpaid fees from a business tied to Chinese technology giant Alibaba Group Holding Ltd. I want my blood- and sweat-money back, said the man, Liu Jin, covered in ash, as police officers tried to rush him to the hospital on Monday, a widely shared video posted on social media showed. The 48-year-old Mr. Liu, who survived but suffered severe burns, is one of the millions of workers in China s tech sector whose plight has ignited online denunciations of the country s internet giants by internet users and state media. The outcry shines a spotlight on the grueling working conditions and hard-edge labor practices that many blue- and white-collar workers face as the internet companies they work for battle over users.