BEIJING—A social media account for popular Chinese e-commerce site Xiaohongshu, or “Little Red Book,” was unavailable on Sunday after it issued a post on Friday, June 4, the anniversary of the 1989 massacre of pro-democracy activists in Tiananmen Square, a highly sensitive date in China. The Friday post on its account on China’s Twitter-like Weibo…
Social Media Account of China’s Xiaohongshu Goes Dark After Tiananmen Anniversary Post
Alibaba’s European Hub Is Causing Espionage Concerns in Belgium
June 2, 2021
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Belgium’s Minister of Justice Vincent Van Quickenborne raised concerns over Chinese espionage in connection to Chinese e-commerce giant Alibaba’s logistics center under construction in Belgium’s Liège Airport. Liège Airport is the seventh-largest airport in Europe. It is situated at the heart of the Amsterdam-Paris-Frankfurt golden triangle, a very dense area of production in Europe. Alibaba…
Three Chinese Tech Giants’ Shares Drop Over 30 Percent After Beijing’s Recent Crackdown
Despite the surge in online shopping driven by the pandemic lockdown, China’s major online retailers’ shares—that had soared to record highs in February—fell sharply amid the Chinese regime’s stricter control measures.
Why the CCP Is Cracking Down on Alibaba While Sparing Tencent
Commentary The Chinese regime fined Alibaba $2.8 billion in April under anti-monopoly law, highlighting the regime’s comprehensive review of Chinese internet companies. However, Tencent was only fined $310,000 despite its comparable monopolistic influence in China. For a mega-corporation like Tencent, a fine of this size is equivalent to pennies. The CCP’s biggest grievance with Alibaba is its…
Tencent Spared Amid China Tech Monopoly Crackdowns
Commentary The Chinese government fined Alibaba $2.8 billion under the anti-monopoly law, highlighting the Chinese government’s comprehensive review of mainland Internet companies. However, Tencent, another monopolistic Internet company in mainland China, was only fined $311,610, mere pennies for a mega-corporation like Tencent. The CCP’s biggest grievance with Alibaba is that it has grabbed a very big…
Why Did Xi Jinping Purge Jack Ma?
Commentary Jack Ma, now China’s fourth-richest man and the former CEO of Chinese e-commerce giant Alibaba, criticized China’s financial system policies at the Bund Summit 2020 in October. Since then, his enterprises have become the target of Xi Jinping. At first, the listing plan for Ant Group, an affiliate company of Alibaba, was halted on Nov. 3….
China Probes Takeout Firm Meituan Over Antitrust Concerns
HONG KONG—China’s market regulator said Monday it has launched a probe into suspected monopolistic behavior by food delivery firm Meituan. The investigation comes amid increased scrutiny of internet companies suspected of anti-competitive practices. The State Administration for Market Regulation said in a statement that it was looking into Meituan’s policies, including exclusivity arrangements known as…
Jack Ma Was Right When He Said, “Chinese Entrepreneurs Really Don’t End up Well”
“Chinese entrepreneurs really don’t end up well.” This statement, made 10 years ago by Jack Ma the founder of Alibaba Group, recently went viral on the internet. It seems that Ma’s casual but ominous words have come true, and his current situation is a true reflection of what he said at that time. On April…
Why Is Alibaba ‘Full of Gratitude’ for Record $2.8 Billion Fine Imposed by Beijing?
Commentary China’s Alibaba Group found itself under the spotlight following a record antitrust fine slapped on the tech giant, yet it openly expressed its gratitude to the Chinese regime. On April 10, the world’s biggest e-commerce company was fined 18.2 billion yuan ($2.8 billion) by Chinese regulators for anti-competitive tactics, as the ruling Chinese Communist…
Heed Lessons From Alibaba Case, Chinese Regime Warns 34 Tech Giants
Thirty-four of China’s tech giants were summoned to a meeting in Beijing on April 13 with the Chinese regime’s top regulators, days after it imposed a record $2.8 billion fine on e-commence giant Alibaba. During the meeting hosted by the State Administration for Market Regulation (SAMR), the Office of the Central Cyberspace Affairs Commission, and…
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