Page 43 - Wang Xing News Today : Breaking News, Live Updates & Top Stories | Vimarsana

by Tyler Durden Monday, Apr 26, 2021 - 08:40 PM Two weeks after China's State Administration for Market Regulation - Beijing's paramount anti-trust regulator - fined Alibaba a record $2.8 billion for abusing its market dominance, capping off the country's first major anti-trust action to rein in one of the tech giants dominating the Chinese domestic economy, the CCP has just launched its next major anti-trust investigation. The SCMP reported that China's antitrust regulator on Monday officially launched a probe into food-delivery service provider Meituan, citing alleged monopolistic business...

China’s Anti-Trust Regulator Shifts Focus To Meituan And Investors Cheer Share to Facebook Share to Linkedin Wang Xing, chairman and CEO of Meituan Dianping, appears at his company's listing ceremony at the Hong Kong Stock Exchange in Hong Kong, China, on September 20, 2018. Anthony Kwan/Bloomberg China’s anti-trust regulator has launched an investigation into the business practices of food-delivery giant Meituan much like it did with Alibaba, but this time investors aren’t panicking. Shares of the Hong Kong-listed company actually jumped as much as 6.3% before paring back some...

A food delivery courier for Meituan rides a motorcycle in Beijing, China. The investigation into Meituan signals that the regulatory crackdown is now moving beyond Ma’s empire. — Bloomberg China’s government has expanded its antitrust crackdown beyond Jack Ma’s technology empire, launching an investigation into suspected monopolistic practices by food-delivery behemoth Meituan. The State Administration for Market Regulation announced the investigation, which began recently, in a statement Monday. The antitrust watchdog is looking into alleged abuses including forced exclusivity arrang...

The SF5 model has been jointly launched by the Shenzhen-based tech giant and carmaker SERES. Moves comes after senior executive said smart cars may help company offset declining smartphone sales.

The US$10bil (RM41.17bil) raised will more than double Meituan’s cash, giving it the biggest war chest after Alibaba’s, to invest in new technologies like autonomous delivery and build infrastructure for online groceries. — Reuters The competition between Wang Xing’s Meituan and fellow tech billionaire Jack Ma’s Alibaba Group Holding Ltd is turning into one of the great rivalries in Chinese business. While Alibaba is the dominant force in e-commerce with a global reputation, Wang, a generation younger, has built Meituan into a fearsome rival, the world’s largest delivery empire wi...