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China Alibaba latest news I China denies plan for $1 billion Alibaba fine, but tech firms take a blow

Chinese market s regulator denied it was planning to fine Alibaba almost $1 billion for anti-competitive behaviour
China denies plan for $1 billion Alibaba fine, but tech firms take a blow | Photo Credit: ANI
China denied on Friday it was planning to hit e-commerce giant Alibaba with a record fine of almost $1 billion for allegedly flouting monopoly rules, as authorities turned up the pressure on the country s vast technology sector.
Alibaba, China s largest online shopping portal, has been in the crosshairs of authorities in recent months over concerns of its reach into the daily finances of ordinary Chinese people.
The market s regulator denied it was planning to fine the company almost $1 billion for anti-competitive behaviour, as reported by the Wall Street Journal, who cited unnamed sources familiar with the matter. ....

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Jack Ma latest news I Chinese billionaire Jack Ma reappears after months of exile from public view [Watch]

Updated Jan 20, 2021 | 11:37 IST
Rumours around Jack Ma s fate were put to rest with his reappearance months after Alibaba s IPO was suspended by authorities following a speech in which he criticised the country s regulatory regime
Chinese billionaire Jack Ma reappears after months of exile from public view [Watch] | Photo Credit: Twitter
Key Highlights
Jack Ma addressed 100 teachers in an online conference marked to highlight achievements of rural educators
Tianmu News of Zhejiang Online which is backed by Zhejiang s provincial government first reported the development
Jack Ma s reappearance quashes speculation as the billionaire has been away from public gaze since late-October ....

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