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Chinese tech executives pledge support for ‘common prosperity’ drive
Chinese technology executives pledged support on Sunday for Beijing’s “common prosperity” drive and to help smaller companies. Read more…
Alibaba Group
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China’s Alibaba to invest $15.5b for “common prosperity” initiative
China’s Alibaba Group will invest 100 billion yuan ($15.5 billion) by 2025 in support of “common prosperity” touted by President Xi Jinping. Read more…
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Alibaba eyes massive stake in Unisplendour cloud computing infrastructure
Alibaba Group and Chinese state-backed firms are weighing bids for a stake in Unisplendour Corp, a cloud computing infrastructure firm. Read more…
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Chinese regulators fine Alibaba-backed browser for false advertising
Local market regulators in China fined subsidiaries of Alibaba Group and 360 Security Technology for engaging in false advertising. Read more…
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China anti-monopoly probe, slaps record $2.75bn fine on Alibaba Group
China slaps record $2.75bn fine on Alibaba Group after an anti-monopoly probe found the e-commerce giant had abused its dominant position. Read more…
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Alibaba Group’s UC Browser removed from Chinese app stores
Chinese app stores have removed Alibaba Group’s UC Browser for mobiles, after it was criticised on Chinese state television. Read more…
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Alibaba Group revenue beats estimates, helped by pandemic
China’s Alibaba beat estimates for third-quarter revenue as its e-commerce business benefited from online shopping triggered by the pandemic. Read more…
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Alibaba founder Jack Ma makes first public appearance since October
Alibaba Group founder Jack Ma made his first public appearance since October on Wednesday when he spoke to a group of teachers by video Read more…
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Alibaba Group will close its music streaming platform Xiami Music
Alibaba to close music streaming platform Xiami Music next month, a step back from its ambitions to push into China’s entertainment industry. Read more…
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Alibaba Group beats sales forecasts on China e-commerce growth
Alibaba Group beat third quarterly revenue estimates, driven by e-commerce growth after China emerged from coronavirus lockdowns Read more…