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Chinese ride-hailing giant Didi still awaits final ruling from Beijing, one year after it was put under cybersecurity review

One year on, there has been no official update from Chinese authorities about the progress of Didi Chuxing’s cybersecurity review, which remains shrouded in secrecy. ....

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Alibaba CEO extols positive role ecommerce giant's technology can play in Chinese society in article for official magazine

The article was published in the latest edition of China Wangxin, a magazine launched in 2022 by the Cyberspace Administration of China. Zhang points to China’s health code as an example of how the Hangzhou-based company is using technology to help solve social issues. ....

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Client who molested Alibaba worker jailed for 18 months in China

Jinan court found Zhang Guo committed coerced molestation after he ‘violated the will of the victim and molested her when she was drunk’. The woman, who has since been fired, also accused her former supervisor of rape but police last year said his actions did not constitute a crime. ....

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HKEX chairman Laura Cha joins the board of Ant Group as the company's business restructuring nears completion

Laura Cha, chairman of Hong Kong Exchanges and a member of the Executive Council of the Hong Kong government, has joined the board of Ant Group as a new independent director, as the Alibaba’s fintech affiliate nears the end of a corporate restructuring aimed at easing government concerns.Yang Xiaolei, an independent director of Hengfeng Bank and a former lawyer at an affiliate of Citic Group, has also joined as a new independent director at Ant Group.After the appointment, Ant Group has four independent directors. Other independent directors are Hao Quan, a board member at PC giant Lenovo’s parent company Legend Holdings Corp, and Chinese economist Huang Yiping.The last board restructuring happened in August 2020, when current Alibaba chief executive Daniel Zhang Yong, former Alibaba CFO Maggie Wu and one of Alibaba’s 18 co-founder Peng Lei, quit the board ahead of Ant’s planned initial public offering.The appointment of Laura Cha came a week after Chinese Premier Li Keqiang vo ....

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China's e-commerce giants, led by Alibaba and JD.com, kick off promotions for midyear 618 shopping festival

This year’s edition of the annual 618 shopping festival is expected to serve as a barometer to measure consumer spending nationwide amid China’s faltering economy. ....

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