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Alibaba, Tencent fined in China for not complying with anti-monopoly rules

Chinese market regulator has imposed a fine on the two tech companies as a part of its crackdown on monopolistic practices. It has also released a list of deals that violated the rules

Alibaba, Tencent fined in China for not complying with anti-monopoly rules
Updated On : 10 Jul 2022 | 11:16 PM IST

Didi extends fall as Beijing clampdown sounds alarm for US-listed China cos

Didi Global fell for the third consecutive session on Wednesday after China ordered the app removed from mobile app stores as part of a broader crackdown on China-based companies with overseas listing

Didi extends fall as Beijing clampdown sounds alarm for US-listed China cos
Updated On : 08 Jul 2021 | 7:06 AM IST

China's Tencent Holdings plans to raise $4 bn in bond deal: Details here

Tencent raised $6 billion in May last year and issued 40-year debt for the first time

China's Tencent Holdings plans to raise $4 bn in bond deal: Details here
Updated On : 15 Apr 2021 | 9:31 AM IST

Alibaba to buy controlling stake in hypermarket chain Sun Art for $3.6 bn

(Reuters) - Alibaba Group Holdings <9988.HK> said on Monday it will invest $3.6 billion to boost its stake in hypermarket operator Sun Art Retail Group Ltd <6808.HK>, gaining further ground in China's booming retail market.

Alibaba to buy controlling stake in hypermarket chain Sun Art for $3.6 bn
Updated On : 19 Oct 2020 | 9:54 PM IST

Why Tencent could become an advertising powerhouse like Facebook

Alibaba Group Holding now dominates Chinese digital advertising but investors are betting part of Tencent's future growth will stem from social media marketing

Why Tencent could become an advertising powerhouse like Facebook
Updated On : 28 Nov 2017 | 3:51 AM IST