Latest News for: Beijing business

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$1.2 billion fine won’t end Jack Ma’s regulatory woes

Asiatimes 12 Apr 2021
Indeed, there are certain signs of an Alibaba-Beijing rapprochement ... He cites regulatory sources in Beijing as saying that all financial businesses must be licensed to operate in the future and that e-commerce platforms will be “discouraged” from reaching into traditional banking functions, including taking deposits and making loans.
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Xinjiang court to hear case against German researcher

Beijing News 12 Apr 2021
A court in China's Xinjiang province will hear a defamation case against a German researcher who has accused Beijing of human rights violations against Uyghurs ... The US-based researcher is banned from entering China or doing business there and it is not clear how such an order could be enforced if the court rules against him.
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In a Quest to Rein in Its Tech Giants, China Turns to Data Protection

NBCBayArea 12 Apr 2021
Investing in China Techs Is a Bet on Beijing's Relationship With the Firm, Says NYU's Damodaran ... Last year, Beijing published the draft version of the Personal Information Protection Law (PIPL), laying out for the first time a comprehensive set of rules around data collection and protection.
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China's Hainan sees stellar growth in foreign investment, market entities

Urdu Point 12 Apr 2021
BEIJING, (UrduPoint / Pakistan Point News - 12th Apr, 2021 ) .China's southern island province of Hainan has seen robust growth in foreign investment inflow and new market entities as it continues to improve its ...
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Xinjiang court to hear defamation case against German researcher who accused China of human rights violations

Yahoo Daily News 12 Apr 2021
A court in China's Xinjiang province will hear a defamation case against a German researcher who has accused Beijing of human rights violations against Uyghurs ... The US-based researcher is banned from entering China or doing business there and it is not clear how such an order could be enforced if the court rules against him.
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Record Alibaba fine shows China’s big tech can’t fight back

The Times of India 12 Apr 2021
Beijing regulators wrapped up their landmark probe in just four months, compared with the years that such investigations take in the US or Europe ... “They’re affirming our business model,” he said ... The penalty will not shake up its business model, either,” said Jet Deng, an antitrust lawyer at the Beijing office of law firm Dentons ... Business.
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Over 164 mln COVID-19 vaccine doses administered across China

People Daily 12 Apr 2021
Photo taken on April 11, 2021 shows the press conference of the Joint Prevention and Control Mechanism of the State Council in Beijing, capital of China ... A health worker checks a woman who had just been vaccinated on a mobile COVID-19 vaccination vehicle near the Xidan business area in downtown Beijing, capital of China, April 7, 2021.
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Alibaba thanks China for making it pay nearly $3bn fine

Business Day 12 Apr 2021
Beijing regulators wrapped up their landmark probe in just four months, compared with the years that such investigations take in the US or Europe ... The penalty will not shake up its business model, either,” said Jet Deng, an antitrust lawyer at the Beijing office of law firm Dentons.
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Alibaba shrugs off $2.75bn antitrust fine as shares rally

The Irish Times 12 Apr 2021
Beijing wants Alibaba to stop requiring merchants to chose between doing business with it and rival platforms, a practice known as “merchant exclusivity”, which critics say helped it become China’s largest e-commerce operation ... “They are affirming our business model,” said Alibaba executive vice-chairman Joe Tsai.
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Alibaba shrugs off $2.75 bn antitrust fine, shares rally

The Irish Times 12 Apr 2021
Beijing wants Alibaba to stop requiring merchants to chose between doing business with it and rival platforms, a practice known as “merchant exclusivity”, which critics say helped it become China’s largest e-commerce operation ... “They are affirming our business model,” said.
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China’s Alibaba says to lower entry barriers after record antitrust fine

Gulf Daily News 12 Apr 2021
Beijing wants Alibaba to stop requiring merchants to chose between doing business with it and rival platforms, a practice known as ‘merchant exclusivity’, which critics say helped it become China’s largest e-commerce operation ... "They are affirming our business model," said Alibaba executive vice chairman Joe Tsai.
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Exchange explores ways to trade value of data

China Daily 12 Apr 2021
High hopes have been put on the recently founded Beijing International Big Data Exchange (BIBDE), which is part of the Beijing pilot free trade zone. It will act as data trustee enabling transactions and business models that would otherwise have been unprofitable or unfeasible for companies.
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Alibaba shrugs off $2.75 billion antitrust fine, shares rally

Independent online (SA) 12 Apr 2021
Beijing wants Alibaba to stop requiring merchants to chose between doing business with it and rival platforms, a practice known as ‘merchant exclusivity’, which critics say helped it become China’s largest e-commerce operation ... "They are affirming our business model," said Alibaba executive vice chairman Joe Tsai.
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Alibaba says it will invest to retain merchants and customers as it puts antitrust fine ...

South China Morning Post 12 Apr 2021
... business model of a platform company … With this penalty decision, we received good… .
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Alibaba to lower merchant fees after antitrust fineChina’s antitrust penalty against Alibaba far exceeds previous ...

Deccan Herald 12 Apr 2021
China’s antitrust penalty against Alibaba far exceeds previous fines it has levied for anti-competitive business practices ... Zhang said Alibaba did not expect the ending of such arrangements to have any “material negative impact” on the company’s business.
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