Page 23 - Mark Tanner News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 technolog...

To view all features and options, click here. A monthly subscription is charged pro rata, based on the day of purchase. This is non-refundable and includes a R5 once-off sign-up fee. A yearly subscription is refundable within 14 days of purchase and includes a 365-day membership. The unspoken message to Ma and his cohorts was the decade of unfettered expansion that created challengers to Facebook Inc. and Google was at an end. Gone are the days when giants like Alibaba, Ant or Tencent could steamroll incumbents in adjacent businesses with their superior financial might and data hoards. “...

The overhaul will transform Ant into a financial holding company and its payments app will be opened up to competitors.

Ant will now effectively be supervised more like a bank, a move with far-reaching implications.. Read more at straitstimes.com.

China won't be labelled a currency manipulator by the U.S. Jack Ma's fortune jumps as Ant agrees to a drastic revamp. Bitcoin nears an all-time high.