China Tech Crackdown

Jack Ma Snaps Up Alibaba Stock to Become its Largest Shareowner

Along with Ma, Alibaba chairman Joe Tsai also purchased about $151 million worth of Alibaba's US-traded shares

1 month ago

China’s Didi Posts Quarterly Profit as Comeback Continues

The ride-hailing outfit’s three-month surplus was its first since 2021 when it was the target of China’s cyberspace regulator

4 months ago

US, Euro Firms Blame Beijing for China Uncertainty – Guardian

A survey has revealed business confidence among foreign company chiefs in China’s private sector is at an all-time low

5 months ago

Alibaba Stock Slips On Daniel Zhang’s Sudden Cloud Unit Exit

The cloud unit is Alibaba's second-biggest money spinner, valued at $41 billion to $60 billion ahead of an IPO planned…

6 months ago

Investors Dump Private China Firms, Embrace ‘Common Prosperity’

A fresh crackdown on the country's medical and pharmaceutical sectors, set to last a year, has convinced investors that it…

6 months ago

China App Filings Demand Dubbed a ‘Ministry Approval Process’

Beijing’s Ministry of Industry and Information Technology is to require all apps to share business details in new oversight push

7 months ago

China Proposes Eight-Minute Limit on Smartphone Use by Kids

The proposed rules spurred a fall in shares in Hong Kong-listed Chinese tech firms, with Bilibili and Kuaishou plunging nearly…

7 months ago

Ant IPO Unlikely in the Short Term, Chinese State Media Says

Once an illustrious Chinese technology giant, Ant is emerging from a near three-year-long regulatory crackdown that started with the shelving…

7 months ago

Beijing to Host World’s Biggest Investors for Rare Meeting

The meeting, set for next Friday, will focus on the current conditions of US dollar-denominated investment firms in China and…

8 months ago

China Sets Interim Rules for Generative AI Accessible to Public

Regulators say the measures will not apply to firms who don't intend to offer their generative AI services to the…

8 months ago

Beijing’s Crackdown Wiped $1.1 Trillion Off Chinese Big Tech

Investors are now hoping the strict rules that have stymied growth since late 2020 will start to ease, after China's…

8 months ago

In Surprise Share Buyback, Ant Values Firm 75% Below IPO

The announcement came a day after the group was fined $984 million in what is likely to be the end…

8 months ago