The fine could surpass the $975 million that Qualcomm QCOM.O paid in 2015 over anticompetitive practices, the report said
The move underscores two intertwined challenges facing Ant, four months after Chinese authorities torpedoed its $35 billion initial public offering
It's the first known Ma sighting since the former English teacher joined a live-streamed video chat with rural educators on January 20
The four-tranche offer received more than $38 billion in orders at the peak, according to people with knowledge of the matter
It also announced a bond sale worth as much as $5 billion though sources have said plans for the fundraising were in the works before the regulatory clampdown
Ma, lionised at home for creating some of his country's largest corporations, didn't make the cut in a Shanghai Securities News front-page commentary lauding the leading lights of technology
The results come as China clamps down on company founder Jack Ma's business empire, having forced the suspension of a $37 billion IPO for financial affiliate Ant Group
China's best known businessman was not mentioned in an front-page article published by the Shanghai Securities News
Tencent and Alibaba Group Holding, along with food-delivery giant Meituan and carmaker Geely Automobile Holdings, were among the stocks helping propel the rally.
That's how much Alibaba Group Holding Ltd.'s market value soared after a clip of Ma speaking to a group of teachers began circulating online -- his first public comments since disappearing from view
While Ma has stepped down from corporate positions and earnings calls, he retains significant influence over Alibaba and Ant
Much about the future of China's most famous businessman remains unclear
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Speculation about Ma's whereabouts and his standing with President Xi Jinping's government had reached a fever pitch in recent weeks
Ma, who used to come at least once a month to the bar that was opened by Alibaba executives in early 2019, hasn't been around since late last year, said one worker
Senior officials in the administration had been considering plans to add the firms to a list of alleged Chinese military companies, which would have subjected them to a new US investment ban
A directive issued by the government's propaganda arm ordered news outlets to strictly invoke the official line on the investigation into the tech giant
The Trump administration is considering adding Alibaba Group Holding and Tencent Holdings to a blacklist of Chinese companies that are allegedly owned or controlled by the Chinese military
Chinese e-commerce leader Alibaba Group Holding plans to raise at least $5 billion through the sale of a US dollar-denominated bond this month, four people with direct knowledge of the matter said
Over the last year, the government has encouraged the growth of consumer finance companies as well as the existing units of banks that deal in the business