Page 28 - Eric Jing News Today : Breaking News, Live Updates & Top Stories | Vimarsana

March 16, 2021 Since November, Alibaba has been at the center of a crackdown by Beijing that has included halting the monster IPO of its fintech affiliate Ant Group, and unveiling new antimonopoly rules for tech giants. The developments have seen tens of billions of dollar wiped off its market cap. But in recent days, fears are deepening that regulatory scrutiny that seemed squarely centered on Jack Ma’s e-commerce and fintech groups could turn to Alibaba’s rival, Tencent. The social media firm on Friday (March 12) was fined under antitrust rules for a past investment into an app, while B...

Alibaba affiliate: China’s Ant Group CEO leaves after failed IPO ??? Reuters March 15, 2021 A thermal imaging camera is seen in front of a logo of Ant Group at the headquarters of Ant Group, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020. PHOTO: REUTERS  BEIJING: China’s Ant Group Chief Executive Officer Simon Hu has unexpectedly resigned amid a regulatory-driven overhaul of the financial technology giant’s business, the first top management exit since a scuppered $37 billion initial public offering (IPO). Hu, who was named Chief Executive of the Alib...

Ant Group’s chief executive will step down from the top role after several turbulent months for the Chinese fintech giant.

Total0 Biden administration reportedly adds new limits on Huawei’s suppliers The Biden administration this week amended licenses for companies to sell to China’s Huawei Technologies Co Ltd , further restricting companies from supplying items that can be used with 5G devices, reports Reuters. The changes could disrupt existing contracts with Huawei that were agreed upon under previous licenses that have now been changed, two of the sources said. The actions show the Biden administration is reinforcing a hard line on exports to Huawei, the telecommunications equipment maker placed on the t...

HBO Max Plans Global Expansion Last Updated This briefing has ended. Follow our latest coverage of HBO Max is going global. The new streaming platform, currently only available to U.S. subscribers, will launch in 61 other markets starting in June. The company also plans to launch an advertising-driven streaming service in the United States at the same time. The announcements came Friday as part of a broader presentation outlining a set of goals for AT&T, which owns HBO. The company hopes to reach between 120 million and 150 million total customers for HBO Max and its traditional HBO TV chann...