Why Are Alibaba Shares Trading Lower Today?
China market watchdog State Administration for Market Regulation (SAMR) expects more from “super-large platforms” like Alibaba Group Holding Ltd (NYSE:BABA), Tencent…
More Trouble Brews For Alibaba, Tencent As China Ramps Up Anti-Monopoly Bureau
China’s competition watchdog, the State Administration for Market Regulation, will ramp up staffing at its anti-monopoly bureau, Bloomberg reports.…
Alibaba Skyrockets 8% In Hong Kong As Meituan Regulatory Fine Fuels Market-Wide Optimism
Shares of Meituan (OTC: MPNGF), Alibaba Group Holding Limited (NYSE: BABA), JD.Com Inc. (NASDAQ: JD), Baidu Inc (N
Meituan Shares Gain On Reaching Antitrust Settlement
Chinese food-delivery firm Meituan (OTC:MPNGF) paid a penalty of over $533 million for engaging in anticompetitive practices, the Wall Street Journal…
Why Are DiDi Shares Trading Lower Thursday?
DiDi Global Inc (NYSE:DIDI) lost 30% of its daily users since its June U.S. initial public offering following China’s tech crackdown, Financial…
Baidu Launches Apollo Go Trial In Shanghai
Baidu Inc (NASDAQ:BIDU) will start trials for the Apollo Go service in Shanghai, marking the fifth city where passengers can test…
Kingsoft Cloud Stock Gains After 42% Q2 Revenue Growth; Issues Robust Q3 Outlook
Chinese cloud service provider Kingsoft Cloud Holdings Ltd (NASDAQ:KC) reported second-quarter FY21 revenue growth of 41.6% year-on-year to $336.7 million (RMB2.17 billion),…
China Ramps Antitrust Scrutiny On National Internet Firms: WSJ
Chinese government agents, including the antitrust watchdog, the cyber police, and tax authorities paid surprise visits to multiple…