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Alibaba's Ele.me on Thursday became China's first delivery platform to sign collective contracts on wages and labour safety with its staff, official media reported, as Beijing signals an end to its crackdown on the tech sector.
China firmly opposes what it called the British government's discriminatory actions against Chinese firms, the country's embassy in the UK said on Wednesday. The embassy made the...
BEIJING (Reuters) -China on Wednesday sent another strong signal that a years-long crackdown on its tech industry is over as Premier Li Qiang met firms such as Alibaba's cloud unit and Meituan, and urged them to do more to support the economy. After listening to suggestions from firms that also included PDD Holdings' Pinduoduo and JD.com, Li told them authorities would seek to make regulation of platform firms more transparent and predictable. Shares in some U.S.-listed Chinese firms rallied in premarket trade, with Alibaba Group Holding gaining 2.2% and PDD Holdings rising 2.7%.
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
China and the Solomon Islands announced a comprehensive strategic partnership on Monday, a Chinese state broadcaster reported, as they bolster relations four years after the Pacific nation switched ties from Taiwan to China. Chinese President Xi Jinping and Solomon Islands Prime Minister Manasseh Sogavare announced the partnership in the Great Hall of the People in Beijing, CCTV reported.