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Tag: Alibaba

China Points to Regulatory Easing After Tech Meeting, But Analysts Warn it Won’t Be That Simple
On May 17, Chinese officials met with some of the country’s most prominent tech executives amid a year-long crackdown that has wiped billions of dollars from one of its most lucrative homegrown sectors. Following the...
Former Rockets GM Daryl Morey had his box suite cancelled by the Brooklyn Nets after supporting Hong Kong's 2019 anti-CCP protests, ESPN says.
Brooklyn Nets Disinvited Rockets GM After He Supported Hong Kong Protests: ESPN Investigation
The Brooklyn Nets refunded former Houston Rockets General Manager Daryl Morey’s purchase of a box suite at the Barclays Center for a game between the Rockets and the Nets after Morey publicly voiced support for...
Chinese and Russian hackers pose a major security threat to the U.S. This photo taken on August 4, 2020 shows Prince, a member of the hacking group Red Hacker Alliance who refused to give his real name, using his computer at their office in Dongguan, China's southern Guangdong province.
Chinese Tech Giant Huawei Linked to Surveillance Operations and Intelligence Gathering: Report
An analysis by the Washington Post finds that Chinese telecommunications firm Huawei may have played a larger role in surveillance and software programs than previously acknowledged by both the company and the government.  The review...
Chief executive at Piper Sandler does not see Chinese stocks as a smart buy.
Piper Sandler Analyst Warns Against Chinese Stocks
U.S.-listed Chinese stocks have received quite a beating this year as these companies have come under regulatory pressure from both Beijing and Washington. While the S&P has only fallen three percent from the high it...
China’s Tech Industry Seeing Largest Round of Layoffs as Beijing’s Sweeping Crackdown Continues
As Chinese leader Xi Jinping’s crackdown on the country’s Big Tech sector continues, Beijing’s regulators are upping the heat on a heavily saturated internet sector, adding financial pressure to tech companies already impacted by profit...
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Alibaba Shares Plunge After Company Warns of Potential Slowdown
Shares of Chinese tech giant Alibaba have taken a hit after it reported a dismal performance for the quarter ending in September. The company’s net income declined by 87 percent year-on-year to 3.4 billion yuan...
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SoftBank Suffers Loss Amidst China’s Tech Crackdown
Tokyo-based investment management company SoftBank Group has announced a net loss for the July-September quarter. This is the company’s first quarterly net loss in a year and a half. Softbank is popular for its Vision...
An Alibaba sign is seen outside the company's office in Beijing on April 13, 2021.
Police Detain Two Alibaba Employees on Charges of Sexual Assault
Chinese police have detained two suspects in a sexual assault case following allegations raised by a female employee from Alibaba, the biggest e-commerce company in the world. The female employee revealed that the company’s leaders...
Belgian Prime Minister Charles Michel shakes hands with Alibaba Group’s Jack Ma at the 2018 World Economic Forum in Davos, Switzerland. The Belgium government’s handing over of the Liege airport to become a distribution center for the Chinese Communist Party-linked company is a major national security problem, says the country’s Justice Minister.
Belgium Alibaba Airport Hub a Weak Link in Homeland Security Because of Communist Party Connection
Chinese spies may have free access to critical information in Belgium after the government allowed foreign investment by the Chinese Communist Party (CCP) in the Liege Airport through Jack Ma’s Alibaba, warns the country’s Justice...
Xi Jinping Targets Jack Ma’s Alibaba
China’s leading tech company in the crossfire between rival Communist Party factions In many ways, Alibaba Group is the face of China’s tech industry, penetrating every aspect of Chinese life with its products, from Taobao...
Fan Xiaoqin first became an internet sensation in China in 2016, due to his striking resemblance to Chinese entrepreneur Jack Ma, earning him the nickname of "Little Jack Ma.”
‘Little Jack Ma’ Used and Abandoned by Chinese Agency
Fan Xiaoqin first became an internet sensation and child celebrity in China in 2016 due to his uncanny resemblance to Chinese entrepreneur Jack Ma, earning him the nickname of “Little Jack Ma.” It came to...
Why Alibaba’s Jack Ma Disappeared, Then Reappeared
Three months ago, China’s wealthiest man suffered a setback so massive that it could only have been caused by China’s most powerful man. Chinese financial services company Ant Group owns the country’s biggest online payment...