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Thursday, Jun 24, 2021
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Bitcoin ticks back up to $34,000 after a dizzying 48 hours
Bitcoin returned above the $30,000 mark on Wednesday, highlighting the extreme volatility that has plagued cryptocurrencies in recent months.
Alibaba Executive Says Founder Jack Ma "Lying Low": Reports
Jack Ma is "lying low" and focusing on hobbies and philanthropy, an executive said.
How China Lost Patience with Its Loudest Billionaire
The sudden cancellation of Ant Group’s IPO shocked investors, but Beijing's slapdown of Jack Ma was years in the making. And Alibaba and Ant aren't the only tech firms under scrutiny by Chinese regulators.
US Withdrawing Trump Executive Orders To Ban TikTok, WeChat
A separate US national security review of TikTok remains ongoing, a White House official said.
Alibaba rival JD raises $12 billion through stock offerings in a single year
In less than a year, Chinese e-commerce giant JD.com has raised $12 billion through public offerings in Hong Kong and New York.
'Dare to Lead the World': Huawei CEO Calls on Staff to Focus on Software Amid US Sanctions
The Chinese tech giant was placed on an export blacklist by former US President Donald Trump in 2019 and was denied access to essential US-origin technology, limiting its ability to design its own chips and procure components from outsid...
Big Asia merger creates $18 billion ride-hailing and e-commerce group
Gojek and Tokopedia - two of Indonesia's biggest startups - have agreed to merge to create the largest tech group in the country and one of the biggest ride-hailing and e-commerce companies in southeast Asia.
TikTok Hires Thousands to Challenge E-Commerce King Alibaba
Zhang Yiming built ByteDance Ltd. into the world’s most valuable private company via a string of blockbuster apps like TikTok that challenged Facebook and other incumbents on their own turf. His latest target: Alibaba.
The age of cyber warfare is a threat to us all
In his recent State of the Nation address, Vladimir Putin said that if challenged by another state, Russia’s response would be swift, harsh and ‘asymmetrical’. An unusual word, but anyone who has been paying attention to the developments...
The world is 'on the verge of the abyss’, says UN
The UN Secretary-General António Guterres gives a stark warning as the climate crisis looks set to worsen.
China fines internet giant Alibaba for 'abusing its dominant position'
The Alibaba Group, the world's biggest e-commerce company, was fined €2.3 billion by Chinese regulators on Saturday for anti-competitive tactics, as the ruling Communist Party tightens control over fast-growing tech industries.
The woman building HSBC's 3,000 roaming banker army
HSBC has started hiring hundreds of bankers under a new venture to seek out wealthy clients across China.
Is Alibaba's fate a warning to China’s tech giants?
It's been a tough week for Chinese tech firms.
China fines Alibaba record $2.75 billion for anti-monopoly violations
China slapped a record 18 billion yuan ($2.75 billion) fine on Alibaba Group Holding Ltd on Saturday, after an anti-monopoly probe found the e-commerce giant had abused its dominant market position for several years.
Exclusive: China's antitrust regulator bulking up as crackdown on behemoths widens
China’s competition watchdog is adding staff and other resources as it ramps up efforts to crack down on anti-competitive behaviour, especially among the country’s powerful companies, people with knowledge of the matter told Reuters.
Huawei To Shutter Cloud Computing, AI Business Groups Amid Restructuring As US-China Trade War Bites
The news reveals troubles faced by the Shenzhen-based firm, namely amid the ongoing US trade war on China and ongoing COVID-19 pandemic, according to media reports.
China mulls new bourse to lure overseas-listed firms
Beijing is exploring options to establish a new stock exchange that targets firms listed overseas and could bolster the global status of its onshore share markets, Reuters reported, citing sources.
Chinese apps join celebs in backlash against Western fashion brands over Xinjiang
China’s top ride-hailing app dropped Swedish fashion retailer H&M from its listings as Chinese celebrities stopped endorsing foreign labels in a growing uproar over Western accusations of “forced labour” in Xinjiang.
H&M and Nike are facing a boycott in China
H&M, Nike and other big Western apparel brands are facing a boycott in China because of the stand they've taken against the alleged use of forced labor to produce cotton in the country's western region of Xinjiang.
Why did Alibaba's Jack Ma disappear for three months?
Jack Ma was about to become the richest man in China.
Musk says Tesla would be shut down if its cars spied in China, elsewhere
Tesla Inc chief executive Elon Musk said on Saturday his company would be shut down if its cars were used to spy, his first comments on news that China’s military has banned Teslas from its facilities.
China's Xi Jinping warns of tech crackdown, Alibaba pulled from app stores
CCP officials on Monday warned of tech giants 'growing in an inappropriate manner'
Beijing asks Alibaba to shed its media assets
Under Jack Ma’s leadership, the company built a formidable portfolio of media holdings
Hong Kong rises to fourth place in global financial centre rankings
Hong Kong rose two places in this year’s Global Financial Centres Index, but is yet to fully recover from the impact of the social unrest in 2019, study shows.
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