What was innovative yesterday is already obsolete by tomorrow. This is more true now than ever in the era of the pandemic which, in many cases, intensifies and accelerates this process. The speed of development is and will always remain high in the telecommunications industry. And here it is clear: COVID-19 is challenging for the […]
Search results for "Alibaba"
Japanese telecommunications and technology conglomerate Softbank Group Corp. reported Monday a whopping 1.17 trillion yen ($11 billion) profit for the October-December quarter as its investments rose in value. SoftBank’s profits were far better than what analysts had expected, zooming up 21-fold from the 55 billion yen profit recorded the previous year. The value of its […]
China aims to keep its tech industry under a tight noose, as the country’s market regulator released new and stricter rules to boot out monopolistic practices on Sunday, primarily targeting its tech giants. The new legislation – issued by the State Administration for Market Regulation (SAMR) – will cement an earlier anti-monopoly draft law which […]
E-commerce workers who kept China fed during the coronavirus pandemic, making their billionaire bosses even richer, are so unhappy with their pay and treatment that one just set himself on fire in protest. China’s internet industries already were known for long, demanding days. With millions of families confined at home, demand surged and employees delivered […]
China’s government on Wednesday accused Washington of misusing national security as an excuse to hurt commercial competitors after President Donald Trump signed an order banning transactions with payment services Alipay and WeChat Pay and six other apps. Tuesday’s order escalated a conflict with Beijing over technology, security and spying accusations that has plunged U.S.-Chinese relations […]
China’s best-known entrepreneur, e-commerce billionaire Jack Ma, made his fortune by taking big risks. The former English teacher founded Alibaba Group in 1999, when China had few internet users. Online payments service Alipay launched five years later, before regulators said such businesses would be allowed. Both long shots grew to dominate their industries. Ma’s latest […]
China’s market regulator on Thursday fined JD.com Inc., a unit of Alibaba Group and a third e-commerce outlet on charges of misreporting prices and other offenses amid a campaign to tighten official control over the booming industry. The ruling Communist Party encourages e-commerce and other online industries but worries about the dominance of major competitors. […]
Chinese regulators have ordered Ant Group, the world’s largest financial technology company, to rectify its businesses and comply with regulatory requirements amid increased scrutiny of anti-monopoly practices in the country’s internet sector. The People’s Bank of China, the country’s central bank, summoned Ant executives on Saturday and ordered them to formulate a rectification plan and […]
China is ramping up its scrutiny of the practice of community group buying, summoning some of the nation’s largest tech companies for discussions as part of an anti-monopoly push. Community group buying allows groups of people living in the same town or region to buy groceries and other items in bulk at a discounted rate, […]
This year has been filled with a plethora of cyberattacks targeting businesses, governments, and individuals across the board, as they take on different shapes and forms, spanning a multitude of industries and sectors. According to U.S.-based software company Arkose Labs, almost 1.1 billion cyber-attacks were detected and halted during 2020 so far, which represent double […]