Tag: Alibaba

^{Type
post

Author
Heather Zeiger
Date
October 8, 2021

Categorized
Business and Finance, Global Technology

Tagged
Alibaba, Ant Group, antitrust, Baidu, ByteDance, China, Chinese Communist Party (CCP), Didi Global Inc., Evergrande Corp., Jack Ma, Meituan, Tencent, Xi Jinping}

Will China’s Huge Tech Sector Crackdown Stifle Innovation?

_{Part I: How will the Common Prosperity program really play out in the private sector?} _{Heather Zeiger

October 8, 2021

5

Business and Finance, Global Technology}

Didi Chuxing (Didi Global, Inc.), the largest ride-hailing company in the world, was reprimanded when it opened on the New York Stock Exchange after regulators warned it needed to shore up its data security issues. Meituan, China’s massive shopping and coupon app, was recently fined $533 million for “anticompetitive behavior.” Alibaba, owned by tech billionaire Jack Ma, had to pay a $2.8 billion fine for the same reasons. Antitrust regulators dinged Tencent, Baidu (China’s Google alternative), ByteDance (parent company for TikTok), and ecommerce company JD.com Inc. The billion-dollar online private tutoring industry sank after the Chinese government declared that after-school tutoring is now non-profit only. Then the online gaming industry was hit when the Chinese government declared children are only allowed to play for a few Read More ›

^{Type
post

Author
Heather Zeiger
Date
January 11, 2021

Categorized
Business and Finance, Technocracy

Tagged
Alibaba, Alipay, Ant Group, Bund Summit, Chinese Communist Party (CCP), Featured, Jack Ma}

Chinese Entrepreneur Jack Ma Missing After Criticizing The Party

_{If even Jack Ma can just disappear in China’s high tech world, is anyone safe?} _{Heather Zeiger

January 11, 2021

14

Business and Finance, Technocracy}

Several media outlets are asking “Where is Jack Ma?” China’s most well-known tech entrepreneur and self-made billionaire has not been seen publicly after a speech he gave at the Bund Summit in Shanghai in October criticizing China’s financial system. CNBC’s David Faber reports that Ma (pictured) is not missing but “laying low” and is purposely remaining less visible after his speech angered the CCP. Radio Free Asia, however, says Ma is definitely under a travel ban and may be “under restrictive measures.” More ominously, Asia Times Financial reports that a CCP mouthpiece has said Jack Ma is now “embracing supervision” at an undisclosed location. So who is Jack Ma? He is the founder of e-commerce company Alibaba Group. The company’s Read More ›