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China's tech giants go on hiring spree for fresh graduates despite Beijing's crackdown on the sector

China's tech giants go on hiring spree for fresh graduates despite Beijing's crackdown on the sector
thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.

Jimmy Zhao , Li Chengdong , Ant Group , Tencent Holdings , South China Morning Post , Alibaba Group Holding , Huawei Technologies Co , Qianjiang Evening , Tech Planet , Big Tech , Beijing Based Internet , Dolphin Think Tank , South China Morning , ஜிம்மி ழோ , எறும்பு குழு , தெற்கு சீனா காலை போஸ்ட் , அலிபாபா குழு வைத்திருத்தல் , ஹூவாய் தொழில்நுட்பங்கள் இணை , தொழில்நுட்பம் கிரகம் , பெரியது தொழில்நுட்பம் , பெய்ஜிங் அடிப்படையிலானது இணையதளம் , டால்பின் சிந்தியுங்கள் தொட்டி , தெற்கு சீனா காலை ,

Chinese regulators fine Alibaba record $2.8bn

Chinese regulators fine Alibaba record $2.8bn
Ecommerce group penalised for abusing market dominance as Beijing steps up scrutiny of tech sector
Sun, Apr 11, 2021, 16:45
Alibaba said it “sincerely accepted” the penalty.

Chinese regulators have fined Alibaba a record Rmb18.2 billion (€2.3 billion) after finding that the ecommerce group had abused its market dominance.
The $2.8 billion (€2.3 billion) penalty, which was set at 4 per cent of Alibaba’s 2019 revenues, concludes an antitrust investigation into the company founded by Jack Ma.
It comes as Chinese authorities have stepped up scrutiny on dealmaking and anti-competitive practices in its once lightly regulated technology sector.
The market regulator said that since 2015 Alibaba had forced merchants to sell exclusively on its Tmall and Taobao online shopping platforms. ....

Chen Lin , Li Chengdong , Robin Zhu , Europe International Business School , Administration Of Market Regulation , Financial Times , Bernstein Research , Ma Group , State Administration , Market Regulation , Dolphin Think Tank , China Europe International Business School , Jack Ma , சென் லின் , ராபின் ஜு , யூரோப் சர்வதேச வணிக பள்ளி , நிதி முறை , பெர்ன்ஸ்டீன் ஆராய்ச்சி , மா குழு , சந்தை ஒழுங்குமுறை , டால்பின் சிந்தியுங்கள் தொட்டி , சீனா யூரோப் சர்வதேச வணிக பள்ளி , பலா மா ,

Alibaba Slapped With $2.8 Billion Anti-Trust Fine As Analysts Ponder Whether Worst Is Over

by Tyler Durden
Saturday, Apr 10, 2021 - 10:45 AM
Chinese anti-trust regulators have just slapped Alibaba with a record RMB18.2 billion ($2.8 billion) fine after concluding that the Chinese e-commerce giant had abused its market dominance for the sake of profit at the expense of Chinese society.
The FT reported that China s State Administration of Market Regulation announced the penalty on Saturday. It was set at 4% of Alibaba s 2019 revenues, amounting to a slap on the wrist. Alibaba was meant to carry out a comprehensive rectification drive on its platform, a reference to what antitrust regulators deemed the company s primary sin: forcing merchants to sell exclusively on its Tmall and Taobao online shopping platforms. The review is intended to force Alibaba to strengthen its legal controls and compliance with the new antitrust framework. Alibaba has 15 days to submit a report detailing changes to this illegal behavior. In a statement, Alibaba said it sincerely ac ....

Li Chengdong , Jack Ma , Ant Group , People Daily , China State Administration Of Market Regulation , State Administration , Market Regulation , Beijing Zhongwen , Dolphin Think Tank , பலா மா , எறும்பு குழு , மக்கள் தினசரி , சந்தை ஒழுங்குமுறை , டால்பின் சிந்தியுங்கள் தொட்டி ,

How JD.com founder Richard Liu rebounded from a Minneapolis sex scandal to achieve a hat trick of IPOs in Hong Kong

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How JD.com founder Richard Liu rebounded from a Minneapolis sex scandal to achieve a hat-trick of IPOs in Hong Kong
Minghe Hu minghe.hu@scmp.com
JD.com founder Richard Liu attends a business forum in Hong Kong in this file photo dated June 9, 2017. Photo: Reuters
Richard Liu Qiangdong, the billionaire founder of Chinese e-commerce giant JD.com, has emerged as one of the biggest winners in China s tech sector, with two successful public listings in Hong Kong and another in the pipeline, in what analysts are calling an impressive comeback after being mired in a sex scandal two and a half years ago. ....

Switzerland General , Hong Kong , United States , University Of Minnesota , Celia Chen , Xing Kongyu , Li Chengdong , Yu Rui , Qiangdong Liu , Zhang Zetian , Chen Shenqiang , Richard Liu , David Rubenstein , Richard Liu Qiangdong , Wang Zhenhui , Liu Jingyao , Li Yayun , Jerric Wu , Alibaba Group Holding , Jd Technology , China Morning Post Publishers Ltd , Carlyle Group , Ant Alipay Or Tencent Holding Wechat Pay , Ant Group , Kotler Marketing Group , South China Morning Post ,

Is Jack Ma Helping China Reinforce Communist Regime's Digital Authoritarianism? | Voice of America

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Joyce Huang
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TAIPEI, TAIWAN - China’s regulators have reiterated that their probe into financial technology giant Ant Group, founded by the beleaguered billionaire Jack Ma, would not undermine the company’s development and was not a move against private firms – a message widely seen as a government effort to alleviate market concerns over the entrepreneur and the fate of his business empire, Alibaba Group.
But most observers VOA spoke to remain convinced that by tightening regulatory controls, China is pressuring Ma into cooperating and sharing the troves of consumer-credit data collected by both Ant and Alibaba, which is also under anti-monopoly investigation. ....

Kuala Lumpur , Hong Kong , T Ai Pei , Liang Tao , Lianjiang Xian , Dabishur Prakash , Chen Yulu , Daniel Zhang , Li Chengdong , Ka Chung , Jack Ma , Ant Group , Us Clean Network Initiative , Chinese Communist Party , Ali Baba Group , Insurance Regulatory Commission , City Brain , Network Initiative , Dolphin Think Tank , China Banking , குவாலா லம்பூர் , ஹாங் காங் , டி ஐ பேய் , லியாங் தாவோ , டேனியல் ஜாங் , கா சுங் ,