Commentary Entrepeneur Jack Ma’s downfall has been stunning in speed and magnitude. Since Beijing suspended Ant Group’s highly anticipated IPO in November 2020, Chinese entrepreneur Jack Ma has been met with one obstacle after another. Ma, an apparent Chinese Communist Party (CCP) member, has also witnessed Chinese authorities launch an investigation into e-commerce giant Alibaba…
Opinion: Chinese Regime’s Targeting of Jack Ma Underscores Its Mafia Capitalism
Chinese Regime’s Targeting of Jack Ma Underscores its Mafia Capitalism
Commentary Entrepeneur Jack Ma’s downfall has been stunning in speed and magnitude. Since Beijing suspended Ant Group’s highly anticipated IPO in November 2020, Chinese entrepreneur Jack Ma has been met with one obstacle after another. Ma, an apparent Chinese Communist Party (CCP) member, has also witnessed Chinese authorities launch an investigation into e-commerce giant Alibaba…
Beijing’s Antitrust Probes an Effort to Rein in Private Sector: Analysts
Chinese tech giants Alibaba and Ant Group have recently come under the Chinese regime’s scrutiny, with finance regulators ordering an antitrust probe into the former and requesting the latter to comply with regulations. The Chinese regime also issued new “antitrust reports” on Christmas, detailing the number of investigations authorities have launched thus far, including on…
Beijing’s Antitrust Probes an Effort to Rein in Private Sector, Analysts Say
Chinese financial regulators are stepping up their scrutiny of technology companies, ordering an antitrust investigation of Alibaba and requesting Ant Group to rectify its businesses and comply with regulatory requirements. The regime also issued new “antitrust reports” on Dec. 25, detailing the number of investigations that were begun by authorities in 2019, including on foreign…
NTD Business Full Broadcast (Dec. 24)
House Speaker Nancy Pelosi says the House will vote on bigger stimulus checks next Monday. But she didn’t mention revising spending on foreign projects. ‘Buy now, pay later’ services skyrocket. Is it better than using credit cards? We ask an expert. The U.K. and the E.U. agree on a Brexit trade deal. It goes a…
Beijing Launches Antitrust Probe Into Tech Giant Alibaba, Scrutinizes Ant Group
Two Chinese companies founded by billionaire Jack Ma have come under Chinese regulators’ scrutiny, including with the launch of an antitrust probe. On Dec. 24, China’s State Administration for Market Regulation announced on its website that it has launched an investigation into e-commerce site Alibaba over its monopoly practices, such as a policy that forces…
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