alibaba

China curbs political management of web giants in bid to chop its reliance on West – Occasions of India

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China curbs political management of web giants in bid to chop its reliance on West - Occasions of India

[ad_1] BEIJING: The ruling Communist Party is tightening political management over China’s internet giants and tapping their wealth to pay for its ambitions to cut back reliance on US and European know-how. Anti-monopoly and knowledge safety crackdowns beginning in late 2020 have shaken the business, which flourished for twenty years with little regulation. Investor jitters … Read more

Crackdown-hit Alibaba to divest 5% stake in Chinese language broadcaster

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Crackdown-hit Alibaba to divest 5% stake in Chinese language broadcaster

[ad_1] An funding arm of Chinese language e-commerce large Alibaba Group Holding Ltd, focused in a regulatory crackdown, will divest its total stake of 5.01% in broadcaster Mango Excellent Media Co Ltd, the media agency mentioned. The sale comes lower than a 12 months after the funding in December final 12 months, as Chinese language … Read more