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Tag : Alibaba Group (company)
China’s tech giants are shifting slowly toward using more clean electricity to power their energy-hungry operations, Greenpeace found in its second review of the industry.
Chinese delivery giant Meituan is seeking about $10 billion from the sale of new stock and convertible bonds as it doubles down on efforts to fight the likes of Alibaba Group Holding Ltd. in newer areas such as online groceries.
China just slapped a record antitrust fine on Alibaba Group Holding Ltd. The company thanked the government and investors breathed a sigh of relief.
Alibaba was fined 18.23 billion yuan ($2.8 billion) by Chinese regulators as a result of an anti-monopoly investigation.
China's regulators slapped a $2.8bn fine on the e-commerce giant over monopoly concerns
Alibaba Group Holding Ltd. said that it’s unaware of any other probes by China’s antitrust regulator after the e-commerce giant was slapped with a record fine for its business practices.
China imposed a fine of 18.2 billion yuan ($2.8 billion) on Alibaba Group after an anti-monopoly probe, part of a regulatory crackdown that has raised concerns about the future of Jack Ma’s tech empire.
In a Saturday statement, China's State Administration for Market Regulation accused Alibaba of abusing its market dominance.