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Bao Fan, one of China’s most prominent rainmakers, has gone missing. It has rattled investors and left his bank struggling to reassure clients and staff.

Hong Kong - The disappearance of a star Chinese dealmaker has left his bank struggling to reassure clients and staff, people with knowledge of the matte

China fines Alibaba after anti-monopolistic investigation By Reuters David Stanway and Scott Murdoch JOHANNESBURG - CHINA slapped a record 18  billion yuan (about R40bn) fine on Alibaba Group Holding on Saturday after an anti-monopoly probe found the e-commerce giant had abused its dominant market position for several years. The fine, about 4 percent of Alibaba’s 2019 domestic revenues, comes amid a crackdown on technology conglomerates and indicates that China’s antitrust enforcement on internet platforms has entered a new era after years of laissez-faire approach. The Al...

SHANGHAI/HONG KONG (April 10): China slapped a record 18 billion yuan (US$2.75 billion) fine on Alibaba Group Holding Ltd on Saturday, after an anti-monopoly probe found the e-commerce giant had abused its dominant market position for several years. The fine, about 4% of Alibaba's 2019 domestic revenues, comes amid a crackdown on technology conglomerates and indicates China's antitrust enforcement on internet platforms has entered a new era after years of laissez-faire approach. The Alibaba business empire has come under intense scrutiny in China since billionaire founder Jack Ma's stinging p...

The logo of Alibaba Group is seen at its office in Beijing, China. — Reuters/File China slapped a record $2.75 billion fine on Alibaba Group Holding Ltd on Saturday, after an anti-monopoly probe found the e-commerce giant had abused its dominant market position for several years. The fine, about four per cent of Alibaba’s 2019 domestic revenues, comes amid a crackdown on technology conglomerates and indicates China’s antitrust enforcement on internet platforms has entered a new era after years of a laissez-faire approach. The Alibaba business empire has come under intense scrutiny in Ch...