Alibaba shares slumped 9% to their lowest since June on Monday, as the firm's upsized $10 billion buyback programme failed to ease concerns about a regulatory crackdown
Alibaba and its three largest rivals -- Tencent Holdings Ltd., food delivery giant Meituan and JD.com -- have shed nearly $200 billion over two sessions since Thursday
China has produced its own crop of powerful internet titans, and they have been celebrated as icons of the nation's technological advancement.
Regulators said separately they've summoned affiliate Ant Group Co. to a meeting intended to promote fair competition and consumer rights
Alibaba's 20-year rise to supremacy is due in no small part to government policies, which protected and coddled the now-booming internet sector
China has launched an investigation into Alibaba Group for suspected monopolistic behaviour and will summon its Ant Group to meet in coming days, regulators said
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.14%. Australian stocks advanced by 0.57%, while Tokyo shares rose 0.4%
Chinese regulators on Thursday announced an anti-monopoly investigation of e-commerce giant Alibaba Group, stepping up official efforts to tighten control over China's fast-growing tech industries
As President Xi Jinping pushes for stronger environmental protection and consumers grow more eco-conscious, the nation's e-commerce giants are under pressure to find greener ways
The measure, which could affect corporate giants like Alibaba Group Holding Ltd. and Baidu Inc., serves as another parting shot at Beijing before Trump leaves office in January
Ant has "voluntarily removed" the online deposit products from Alipay "in accordance with the recent regulatory requirements for online deposits services," according to a company statement
The State Administration of Market Regulation said in a statement that it had taken the decision after reviewing deals the firms were involved in
The move could hit companies such as Alibaba, tech firm Pinduoduo Inc and oil giant PetroChina Co Ltd
Mumbai-based Tata Group, with a combined revenue of about $113 billion and marquee brands such as Jaguar Land Rover and tea maker Tetley, is scouting for local e-commerce assets
Food delivery continued to recover from the pandemic, with operating profit for the business more than doubling in the September quarter, the company said on Monday
TikTok owner ByteDance has also internally looked at the possibility of acquiring a controlling stake in iQIYI
President Xi Jinping urged financial regulators to 'dare to' master their supervisory role
Small to medium businesses key user base of logistics and transport apps Lalamove and Drive by Lalamove
Zhang said Chinese internet companies have moved to the forefront of the global industry with the help of government policies, but regulations need to evolve
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