Global investors flee from Chinese tech stocks after the government crackdown on Ant and Alibaba – ITPro.works

Global investors are running from Chinese tech stocks in the wake of the government’s crackdown on Ant Group and Alibaba, two high-flying businesses founded by Ma Yun (Jack Ma) that … Read More

Chinese online education app Zuoyebang raises $1.6 billion from investors including Alibaba – ITPro.works

The rivalry between China’s top online learning apps has become even more intense this year because of the COVID-19 pandemic. The latest company to score a significant funding round is … Read More

China’s e-commerce titan Alibaba hit with antitrust probe – ITPro.works

China’s top market watchdog has begun a probe into Alibaba over alleged anti-competition practices at the e-commerce firm, the latest of Beijing’s efforts to curb the country’s ever-expanding internet titans. … Read More

Alibaba ‘dismayed’ by its cloud unit’s ethnicity detection algorithm – ITPro.works

Chinese tech giants have drawn international criticism after research showed they have technologies that enable the authorities to profile Muslim Uyghurs. The cloud computing unit of Alibaba, Alibaba Cloud, developed … Read More

China fines Alibaba, Tencent’s e-book subsidiary over anti-trust violations – ITPro.works

The Chinese government is moving to curb the power of some of China’s most influential internet companies. The country’s top market regulator announced Monday that it is fining Alibaba and … Read More

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